First Time Investors
For all the people that strike gold in property investment, there’s an even greater number that crash and burn.
Property investment is one area in which can’t afford to go in blind. Anyone can succeed in the property investment business, however, if you are completely new to this,, the following Property Investment tips might be exactly what you need to get you started:
How Much Can You Afford
A huge number of successful property investors in Australia today weren’t super high income earners before they made their first investment.
So it is important to understand that you don’t need to be wealthy to make your first property investment. You just need to get your finances in order. Figure out how much money you can raise on your own or tap in to the equity of your existing home. Then determine how much money you can secure through loans and mortgages
It is necessary to emphasise the budget issue because so many Australians underestimate the costs involved with purchasing property for investment purposes. They fail to take into account factors like insurance, general repairs and other costs.
So, it’s important to have your finances all sorted out before you invest.
Once your finances are sorted out, then it becomes a matter of selecting a lucrative location to invest in. Most professionals will encourage you to identify property in prime areas.
However, property in these areas often can be too expensive for the average Australian to purchase, especially if they are new to the property investment arena. Central locations are definitely attractive but you can still make significant gains by identifying property in areas with strong growth potential.
That means locations that have all the necessary infrastructure and where the demand for rental accommodations has started to rise. Not only is property in such areas more affordable but you are guaranteed a greater return on your investment.
How do you intend to manage your investment? Some people think that property investment in Australia is a simple matter of buying a house and then sitting back and waiting for the money roll in.
However that couldn’t be further from the truth. Most property investment requires active involvement. So you need to determine just how much time and effort you are ready to sink into your investment once you acquire it. A professional property manager can ease that burden greatly and make investment property ownership management as hassle free as possible.
You should aim for functionality instead of luxury. Most people when looking for a rental property don’t need a fancy outdoor kitchen or a hot tub. As long as your property is clean and safe in the right area, then you will find it much easier to rent out.
Lucrative Australian Property Investment opportunities are everywhere. You just need to know where to look. That’s where one of our senior property strategists can go through and work on your own personal property investment strategy in a one on one session with you, which will help you especially if you are new to this field.
Property investment in Australia is one arena in which you don’t want to gamble. To book your own one on one free strategy session without any obligation, call us on 1300 368 626 or fill in your details below.
What You Can Expect
✅ Your FREE one-on-one appointment can be at your home or via a video call at a time to suit you
✅ You’ll have all your questions answered by an experienced senior property strategist
✅ Your own personalised property investment strategy which is based on your goals and requirements
✅ You’ll learn how you can acquire 4 properties over the next 10 years
✅ You’ll see how you can use your equity to purchase an investment property
✅ You’ll also learn how you can reduce the tax you pay
✅ You’ll see how you can pay off your mortgage faster
✅ Your strategy session is suitable whether you are a first-time or experienced property investor
✅ You’ll also receive recommendations of strategic property opportunities
Our Strategy Sessions are designed for both experienced investors who want more out of their portfolio and for first-time investors who just aren’t sure how to get started or if they can invest.
You will not be asked to buy anything at this meeting. There is no cost to you and no obligation to buy.
Book Your Appointment Now
“We liked the idea of someone taking the reigns and basic peace of mind…it’s the full package.”
– Shaun, Sydney
“Especially with my work being away, it’s quite easy to say here, can you guys build me a house, and you guys do it.”
– Braedy, Mount Gambier
“[Compass made] the whole thing easy and the decision that we made, one that didn’t regret”
– John & Frederica, Brisbane
“If you are planning to invest do it straightaway. There isn’t a better time than today and now.
– Sam, Mildura