Better Homes and Garden Real Estate with Danelle Wiseman

WHAT MAKES A GOOD INVESTMENT PROPERTY?

So your financial planner has suggested it’s time to buy your first or another investment property as part of your financial plan.

The next question while researching is where, but more importantly needs to also be accompanied by ”Is this an Investment Grade Property?”

I have always recommended location to be put to the 10-finger test. Property commentator Michael Matusik suggests there should be 10 reasons why someone would want to live there. Almost anywhere on our beautiful Sunshine Coast will pass this test, although some areas more than others.

You can’t just run out and buy any property, because not all properties make good investments! There are fewer properties on the market than there have been for a long time, in fact the Caloundra market for example, is down by 49% compared to pre-covid days and while there are still many properties on offer, there is a shortage of quality ‘investment grade’ properties. Of course, any property can become an investment property but that doesn’t make it “investment grade”.

Investment grade is one that offers strong and stable rates of capital appreciation, a steady cash flow, liquidity, easy management, a hedge against inflation and good tax benefits.

It is a common school of thought and one that I subscribe to, that investors should invest in capital growth first. It’s easier to build a substantial asset base that way and then you can eventually buy your cash flow down the road. Of course, seek professional advice first, but I hope this gives you a place to start. ca www.bhgre.com.au/office/caloundra

DANELLE WISEMAN has called the Sunshine Coast home for well over 25 years. Bringing her family up in this beautiful region, Danelle’s local knowledge is not only valuable but very insightful when looking for advice of where to purchase, which schools are good, where to shop or more importantly, when to sell and who your buyer will most likely be. Danelle’s experience has been varied, yet indelibly tied, one way or another, to the real estate industry since 1989. Danelle has demonstrated ability to communicate with and relate to people from all walks of life and of all ages, which is yet another attribute that allows Danelle to ‘shine’ at her chosen profession.

ASK YOURSELF THESE QUESTIONS...

What is important in your life? What would make this a great year for you? What do you need to achieve your business goals? What’s the biggest obstacle getting in your way? What do you need to say no to, to make this happen? What is your business exit plan?

If you don’t know the answers or your accountant doesn’t ask you these questions, then it might be time to change accountants?

LET US HELP YOU ACHIEVE YOUR GOALS.

Level 1, Capital One, 9 Capital Place, Birtinya QLD 4575 p: 07 5439 1600 • e: support@completebusiness.com.au www.completebusiness.com.au