3/24/2016
Your Specialist Sydney Buyers Agent Home | Premier Home Finders
Your Specialist Sydney Buyers Agent
Who Should Use Premier Home Finders? Why Choose Premier Home Finders? What Our Customers Say
What We Do Useful Links
Overseas Buyers & Expats Moving to Australia? Top 10 Tips When Buying Sydney Property School Information
Property Market Info Buying Costs Top Tips When Buying Investment Units Buying Investment Property in Your SMSF Is Investment Property Right For Me? Mkt Analysis 1st Qtr ‘15 Mkt Analysis 2nd Qtr ‘15 Mkt Analysis 1st Qtr ‘14 Mkt Analysis 2nd Qtr ‘14 Mkt Analysis 3rd Qtr ‘14 Mkt Analysis 4th Qtr ‘14 Mkt Analysis 1st Qtr ‘13 Mkt Analysis 2nd Qtr ‘13
http://premierhomefinders.com.au/top_tips_when_buying_investment_units.php
1/4
3/24/2016
Your Specialist Sydney Buyers Agent Home | Premier Home Finders Mkt Analysis 3rd Qtr ‘13 Mkt Analysis 4th Qtr ‘13 Mkt Analysis 1st Qtr ‘12 Mkt Analysis 2nd Qtr ‘12 Mkt Analysis 3rd Qtr ‘12 Mkt Analysis 4th Qtr ‘12 Mkt Analysis 1st Qtr ‘11 Mkt Analysis 2nd Qtr ‘11 Mkt Analysis 3rd Qtr ‘11 Mkt Analysis 4th Qtr ‘11
TOP TIPS WHEN BUYING INVESTMENT UNITS Recommend this on Google Premier Home Finders follows an important set of criteria when searching for your investment property. Listed below are the guidelines that we follow when searching for your investment unit: 1. LOCATION Located within 10 kms of Sydney CBD Close to public transportation
http://premierhomefinders.com.au/top_tips_when_buying_investment_units.php
2/4
3/24/2016
Your Specialist Sydney Buyers Agent Home | Premier Home Finders Not on a main road / artery / throughroad Located in an upandcoming area that is becoming "hot" – perhaps lots of cafes/restaurants or close to beach Good infrastructure around it, i.e. amenities / cafes / universities Rental vacancy rate in the area that is less than 2.5% to ensure rental demand for your property 2. APARTMENT Prefer smaller, older style apartment blocks Prefer apartments with parking. Exceptions are inner city areas such as Potts Point and Elizabeth Bay where parking is an exception rather than the rule
Strata title preferred. Unrestricted company title does allow for property rental however banks sometimes won’t lend on this title and if they do lend, it may only be up to 50% of property value. Always have a strata search conducted prior to purchase to ensure financial health of the apartment complex and the body corporate. 3. POST PURCHASE Use a professional property manager to manage your investment. Interview at least two different property management companies who are active in your property’s area – don’t just automatically use the real estate agent that sold you the property. They may be excellent, but you want to ensure that the property management agency you use has a dedicated rental department with a senior staff member overseeing the area. Questions to ask include: How much are their fees A written comparison of comparable rental properties currently in the market, and References from existing landlords using their property management services. Take out building and contents insurance upon exchange of contracts as regardless if something happens to the property, you are still obligated to complete the transaction. Disclaimer: This information is general in nature only and should not be relied on as financial or legal advice. Formal advice should be undertaken before acting on any of the information above.
Recommend this on Google
http://premierhomefinders.com.au/top_tips_when_buying_investment_units.php
Like
Follow @PremierHomeFind
3/4
3/24/2016
Your Specialist Sydney Buyers Agent Home | Premier Home Finders Premier Home Finders Pty Ltd is registered in Australia | Licence # 1646746 | Terms of Use | Site map
http://premierhomefinders.com.au/top_tips_when_buying_investment_units.php
4/4