Property investors looking to have long-term tenants and receive good rental returns from their investment property need to ensure the property is desirable to tenants in the area. You can dramatically increase the property's desirability and increase the rental intake by spending some time and money on the presentation and maintenance of your property. This should provide a good return on investment in the long term.
Ahead of the Reserve Bank's board meeting on Tuesday, economists have offered their views, often understandably equivocal, on the outlook for interest rates:
If you are planning to buy your next investment property, it’s possible to use the equity in your home or other investment properties to help you do so. You can gain equity by your property increasing in value, whether that is through capital growth or renovation, or paying off your home loan. Check out this beginners guide to using equity to learn more.
Purchasing property off-the-plan means entering a contract to buy the property before or during its construction, so you can view the design and building plans but you won’t be able to inspect the finished property until construction is complete. Many people consider buying off-the-plan because they anticipate the property will be worth more once it is completed. After all, it seems logical that if you sign a contract to purchase a property at today’s prices, it should be worth more when construction is completed one to three years time.
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