Feb 27, 2019
Property Investment – Where to Purchase
ByJohnSageMelbourne
Therearecoupleofthingsmorecrucialthanthelocationofyourinvestmentproperty—somewouldstatethere‘snothingmorevital.Seemslikeaeasyprinciple,howeverhowpreciselydoyourecognizewheretheterrificlocationsaretobuy?
Let‘sgothroughsomethingsyourequiretothinkabout.
Familiarmarkets–Thinkaboutpurchasinganinvestmentpropertyinanlocationyourecognizewithasitwilltakeyoulesstimetoresearchstudy.Checkrecentlistpriceintheareatogiveyouanconceptofwhatyoucanexpecttospendforregionalhomes.
FollowJohnSageMelbourneformoreprofessionalpropertyinvestmentrecommendations.
Growthresidentialareas–Lookforlocationswherehighgrowthisexpected,wherethereiscapacityforcapitalgains.
Rentalyield–Lookforareaswhererentsarehighcomparedtothepropertyworth.
Lowvacancyrates–Discoverthejobratesintheneighbourhood.Ahighvacancyratemayshowalesspreferablelocation,whichmightmakeithardertoleasethepropertyout,orofferitinthefuture.
Planning–Learnaboutproposedmodificationsintheresidentialareathatmightaffectfuturepropertycosts.Thingslikenewadvancementsorzoningchangescanimpactthefuturevalueofaproperty.
Conclusion
Onelastthingtostateistobeclientandwaitontheidealproperty.Don’tgetimpatientandbecomeburdenedwithanunprofitableproperty!
Tolearnmoreaboutpropertyinvestment,gotoJohnSageMelbournehere.