For real estate investors looking for their next opportunity, property investment auctions present unique opportunities and also challenges. Compared to private treaty sales, at an auction you are bidding against other potential buyers and the highest bidder will win. And if you are bidding against a competitive field, coming out on top without overpaying can be a difficult task. So here are six tips that can help you succeed negotiating at auction.
Statement by Philip Lowe, Governor: Monetary Policy Decision
For most people, whether they are owner-occupiers or property investors, purchasing a property is not a decision to be taken lightly. For that reason, it’s important that you understand the process of making an offer, which will allow you to hopefully get the best deal you can. One of the final stages in the buying process is putting an offer in, however, there is a fair bit of groundwork you need to do before you get to that point. Putting an offer in on a property is a combination of understanding the value of the property and then negotiating to try and achieve the best outcome for all parties. Here are five tips for you to consider before making an offer on a property, whether it is going to be your home or an investment property.
Despite the fears for 30 per cent price falls, property markets across the country are remaining resilient.
In Australia, less than one in ten people own an investment property. The vast majority of homeowners are what we might label as ‘upgraders’ who only ever own their own home. After buying their first home, upgraders continue to buy a bigger and better home as their family needs change and sell off their previous home in part to finance the upgrade. But is that actually the best way to go about it? Or should you consider turning your first home into an investment property?
In years gone by deciding whether to buy a first home or invest wasn’t a choice. When it was time to settle down and have a family, it was expected that you took out a loan and bought your forever home, where you could raise your kids and live until retirement. These days, the landscape has changed and younger generations are looking at the situation through a different lens.
Negotiation is a discussion between two or more parties, intended to reach an understanding, agreement or to gain an overall advantage in outcome. Each party will try and gain the advantage for themselves by the end of the negotiating process. This article can give you some negotiating tips to help you purchase your next property at the best possible price.
Early in the year, 2020 was shaping up as another very strong one for property investors. On the back of a big end to 2019, where house prices in Sydney and Melbourne in particular, started to rebound strongly, there was a lot of positivity in the air. Then come mid-March, COVID hit and the ensuing lock-downs across the country ground real estate activity to a halt. As the saying goes, ‘crisis breeds opportunity’ and the current market is now offering up a range of possibilities for investors that weren’t present only months ago. Here are a few ways to take advantage of the current market conditions in 2020.
The discount property investment strategy involves purchasing investment property below valuation, not below the vendor’s asking price.
Optimising your property investment portfolio is a key goal for any property investor, looking to maximise the return on their investments. You can achieve this in a number of different ways, depending on the types of property you own and your long term goals. Your goal should be to improve the performance of your portfolio, whether it is improved capital growth, manufactured equity or additional cash flow and income.
Being able to review the growth trends of a suburb over a long period of time can help you identify suburbs that will provide potential long-term growth. Past growth isn't an indicator of guaranteed future growth but it does provide an indication that there has been demand in the area.
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Property has long been considered a popular path of wealth creation for Australians. Buying their own home is often the first significant investment most people make, and purchasing another property may well be the second, even before shares and other assets. This article gives you an introduction to property investment and some of the key points to consider before buying your first property.
Finding accurate and timely comparable sales data is a vital part of your research before purchasing an investment property.
Subdivisions are a great strategy to manufacture equity and provides property owners with a number of options - land banking, sell the land or build to sell and/or hold. Read more about 2 lots on 1 title lots and also download an exclusive free suburb report identifying suburbs with the highest percentage of listings for sale where they are 2 lots on 1 title