Minimising vacancy rates gives you more financial freedom to boost cash flow and grow your investment portfolio.
If your property is left vacant for too long in between tenants, it may mean you'll have to dip into your own savings to make mortgage repayments and maintain the property, which is obviously not ideal.
This infographic shows 10 ways investors can keep their rental properties in high demand, so they'll never be left short changed.
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In May, Australian dwelling values experienced a further increase of 0.5%, elevating the national index by 1.7% over the initial five months of the year. This growth was widespread, with each capital city recording a minimum rise of 0.4% throughout the month.
Knowledge of the current real estate market cycle is important to first-time and experienced investors as it affects their strategies. Their decisions may vary depending on which part of the cycle the market is in—boom, slump, or recovery. This way, they can assess the proper timing for investments, which can maximise profitability and mitigate risks in the long run.
Investing in property is a viable strategy for accumulating long-term wealth. By making astute property investment choices, you can achieve substantial profits and set yourself on the path to financial independence.
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Real Estate Investar is part of MRI Software. We provide the tools, data and information you'll need to create wealth through property investment.
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