The purpose of this article is to identify the various types of residential properties availa ble for investors to invest in and how they each could be beneficial. Residential property is the most popular type of real estate investment. Among them, freestanding houses are the most desired by investors due to their high rental income and capital growth. But they aren't the only option!
A mortgage broker is the middleman between the borrower (yourself) and the lender (banks), who can get you the best home loan or finance to suit your circumstances. Mortgage brokers do all the legwork, researching products on the market from the hundreds available and work directly with the borrower to support you through the application and settlement process. Mortgage brokers will help you have a full understanding of the paperwork and terms and conditions before signing the bottom line. Here are 6 benefits of using a mortgage broker.
The purpose of this article is to outline the importance of budgeting for maintenance involved in owning an investment property. By setting a realistic budget for regular maintenance and understanding how you may need to distribute your money can help you avoid small issues turning into major costly repairs.
A pre-purchase property inspection is carried out by a qualified, professional inspector who provides information on the property’s current condition. It enables you to make informed decisions about the property and be aware of any significant problems before you decide to buy it. This infographic highlights why you should get a property inspection carried out before you buy your next property investment, and a list of reminders to ensure it ticks all the right boxes.
Commercial investment property is an easy-to-implement investment strategy that can help property investors generate high income and gain long-term rewards. Commercial properties can give you key advantages, such as low competition, long leases, low vacancies, high returns, and affordable entry points. This infographic gives you 5 simple tips that can help you begin your search for commercial investment properties and replace your income.
The purpose of this article is to help investors understand the options available when planning to exit an investment property. You may think selling your investment property is the smartest exit strategy, however, there are many other options to consider first. Some strategies might be better suited to your needs than others.
Investment in residential real estate is growing in popularity in Australia, which isn’t surprising given our market conditions. Australia's population growth, favourable taxation regime, historic low interest rates, growth in property values and use of investment properties as a retirement asset are all contributing to this popularity. This blog shows some of the key residential property investment statistics that have been prevalent recently.
This article is aimed at prospective and first-time property investors.
It is tempting to perceive property inspections as an unnecessary task, prolonging the property investment buying process and another expense out of your pocket. Getting a pre-purchase property inspection completed however, can actually save you thousands of dollars in future expenses and help you during the negotiating process. By investing in a professionally carried out building inspection, you avoid the possibility of expensive financial outlays due to repairs and structural damage, and also the risk of putting yourself and others in danger.
When planning your first purchase, you want to be sure you’ve developed a sustainable property investment budget and one that you can realistically follow. Budgeting is a simple concept and is vital in property investment, as it helps ensure you are spending less than you are earning. It helps you balance your income and expenses and ensures you take a positive, proactive approach to managing and building your portfolio, whilst treating your property investment as a business. Here is a list of seven budgeting tips to help you achieve financial success in your first property investment, which can set you up for a long and prosperous property investment journey.
Australian technology company Real Estate Investar today announced it has won the Xero Emerging Add-on Partner of the Year Award at the annual Xerocon event in Melbourne, Australia. Real Estate Investar’s add-on integration called Portfolio Tracker gives Real Estate Investar members and Xero partner customers the ability to synchronise their property investment portfolio data, valuation data and financial accounts. The result, enjoy real time portfolio tracking and simpler, stress free accounting.
I’m going to extol the benefits of investing in property and why you should take it up. Just like I did. Previously, I’ve written about the things that could go wrong when investing in property. To give you a balanced perspective, you should also hear about the merits of investing in property, even if I appear to contradict myself a little.
Dual occupancy properties (AKA Duplex) refers to two premises on one lot of land - the premises can be attached or detached. Dual occupancy can be a good strategy for new property purchases as they often provide increased rental yield over single occupant properties. The SWOT analysis below gives you the essential information you should be aware of when considering the purchase of a dual occupancy property.
You get one chance to make a first impression and you’d be surprised at the seemingly insignificant things buyers can notice which can break the deal. A property should be presented as having been well looked after with no major issues. There are a whole range of things you can do which don’t require a lot of work or money to make your property look great.
So, you've found the perfect project - a property below fair market value, it is poorly presented, well below the suburb median price and you believe it has great potential as an investment property you can renovate for profit. Before you start on your renovation however, here is a checklist of 10 renovation mistakes to avoid.
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