This guide will explain the steps of property investing so that you can make the most educated decision when investing in off-the-plan property in NSW.
1. HEAD OVER HEART When it comes to investing, you should always buy an investment property based on analytical research, not by what your heart tells you.
INTRODUCTION At Colliers International, we understand how important it is to achieve your property goals. From first home buyers to seasoned property investors, we are here to not only assist in your property transaction but also to support and guide you along the way. Buying a property in Sydney can be rewarding if you do your homework. As a global, cosmopolitan city, Sydney continually attracts new urban dwellers, young and old as its local population also grows. The ongoing Government spending on improving the local infrastructure, introducing more green spaces and entertainment precincts will only add more appeal. There has never been a better time to invest in property in Sydney - as the city becomes a Global City, appealing to domestic & foreign markets. Bricks and mortar, houses and units, may appear to be a lot easier to understand as an investment option when compared to the many other types of investments. However, before you make the big jump, why not consider the following information.
Will it provide the gains and returns you require? Will the location attract quality tenants? Will it appeal to the owner-occupier market that sustains property prices in the long term? By answering these questions, rather than buying a property because you loved the kitchen benchtop or views, you are thinking more about the economics, not the emotions.
