Would you buy a property near a cemetery, waste land, high voltage powerlines or construction zone? What considerations do you need to make before saying a no or a yes to a property investment that has a few question marks?
How much do you need to get started in property investing and what are the expectations around what that investment will deliver? How much deposit will get me to my first property? Property investing isn’t about buying a one million dollar house. Find a strategy that is right for you for today and years to come.
Allowing pets in your investment property is not an easy decision to make or is it? Over 64% of Australian households own a pet and 59% of people who do not currently own a pet, admit that they would like one in the near future. How much weight will a Investment property owner have in the future when it comes to pets in their investment property?
Co-investing is where two or more people share ownership of a property. Something that we are seeing increase in Australia. First home buyers co-investing with friends and family has increased from 7.9% in 2014 to 9.2% in 2016. An opportune means of getting into the market earlier than you thought.
If your first property investment was a walk in the park, everyone would be doing it. And it’s not that. But it’s also not a scary, nerve racking, moment either.
The banks and lenders love the couples retreat vibe. It helps manage their risk. They also lend you a lot more than you probably need. It’s a systematic process, not requiring someone to overthink it. A model that was created in the dark ages.
The obvious answer to this question: Increase your income, and reduce your expense. Sydney is an expensive place to live. It’s a highly sort after location for Australians and Immigrants. When it comes to expenses, I don’t want to tell you how to suck eggs, but a few questions to ask: