The Priority Report
4 Tips for Investing in Property
Investing in property can be a reliable place to store your money, and hopefully make a return. Like all speculation there is always risk. But there are strategies for minimising the risk and getting the most out of your investment. Invest time wisely: Before you invest your hard earned cash, take the time to make sure you make a good decision. Invest time in researching the property market. It’s not just house prices you should be watching; you also need to look at rental returns. Build a team of experts: Your agent will help you get your head around the market. Your broker will help you streamline time investigating finances and help identify mortgage options and real cost of purchasing an investment property. Plan well: You need to plan how to manage property up-keep. Who will manage the property once you purchase? What are your ongoing costs of maintaining the property? Avoid an emotional purchase: Purchasing with your heart may not be a wise move. You need to think about what you can afford, what the market is like and the likelihood of healthy rental returns. Think about what attracts renters.
2019 Wrap
Earlier this year, we saw the housing market slow during the lead up to the federal election with buyers and sellers unsure what would happen if we had a change of government. Our offices current average days on market is 32 days and we have begun to see an increase in stock during this last quarter of 2019. See the below table for volumes as at the end of quarter 3.
#30
2022 Smoke Alarm Countdown
Deadline for QLD Smoke Alarm Compliance. It’s closer than you think!!
Every rental property in Queensland must meet the new smoke alarm rules by 31st December 2021. For more information about what will make your investment property compliant contact our office on 07 3164 7000.
Securing a rental in a competitive market
If you’re looking to move then you may come up with some tough competition. As we move closer to the end of the year there are a lot of tenants on the move. So what can you do to make yourself stand out from the crowd and secure the rental you want? 1. Find out what’s out there: Do your research on the rental market so you know what to expect when you start looking. 2. Sign up for online alerts: Realestate.com.au allows you to sign up to email alerts for your preferred suburbs sending you an email when new properties come online. 3. See the property as soon as you can: A popular property is likely to get snapped up after it’s first inspection so if you miss out on a viewing you may not get a second chance. 4. Have your documents ready: Pre fill in forms ahead of time so that you can apply for a rental right after an inspection. Make sure you provide as much detail as you can.
Professionals Priority Ferny Hills @professionals_priority
p: 073164 7000
e: admin@professionalspriority.com.au
Page 20 - December 2019, The Hills Echo
a: 5/126 ferny way, ferny hills qld 4055 www.hillsecho.com