Most Australian investors buy property for financial gain. According to a survey conducted in 2015, 76% of investors stated that they bought property to try and secure their future. The following are five factors that you need to take into account when investing in property.
Location: Purchasing in the right suburb is a key factor when choosing a property. It’s vital to buy a property in a good location to ensure that you always have tenants and thus strong capital growth.
Buy Property That’s in Demand: Buying an investment property that is close to public transport, schools, shops, restaurants and cafes will ensure good rental returns and that the property is continuously occupied.
Your Finances: Establishing a financial strategy is a critical first step in buying a property. You may need to revisit your strategy if it takes time for you to find the right property and prices rise.
Do Your Research: Scrutinise population growth, average rental income and vacancy rates in the areas that appeal to you.
Buy for the Long-Term: Property should be treated as a long-term investment. Usually, the longer you can afford to hold on to your property the greater your chances of achieving a good return.
We Can help You Find the Right Investment Property
Profolio’s team of highly experienced and dedicated property investment consultants and advisors can help you find the right property to achieve your financial goals. We don’t attempt to sell you property and we’re not chasing commissions so we can provide unbiased, expert financial advice. Located in Albury, NSW, we provide property investment consultancy services throughout the entire Albury and Wodonga area.
To find out how Profolio can help you achieve financial freedom, call us now on (02) 6021 0577 or email email@example.comShare