Find Investment Property | July 2009
Property investment often seems complex to the inexperienced investor.. By following the simple rules in our beginner’s guide and getting some sound property investment knowledge will make the exercise of buying investment property a lot easier. What can you afford? The amount you can afford to buy investment property will depend on a number of factors including your current income and assets, your tax position and the likely return on your investment. Before making a decision you need to talk to your accountant and your bank manager or mortgage broker. If you are considering funding your purchase through a self managed super fund make sure you understand all your obligations. Where should you buy? Location plays an important part in the value and potential capital growth of an investment property. First and foremost is the level of rental demand. Factors that affect rental demand are local infrastructure including education facilities and availability of transport. The closer a property is to shopping and entertainment opportunities the better the property investment location and more valuable the property. Research will also tell you where the best property investment hotspots are and potentially make your decision in buying investment property that little bit easier. What is the best property for you? The price you pay for a property should take into account the property type, the average annual yield, the current median price for similar properties in a similar location. Other key factors are the rental and capital growth potential, rental expenses and maintenance costs. Beginners Guide Check List
The right decision about buying investment property will have an important bearing on your future financial security. Make sure you cover all your bases by getting the right property investment guide to help you through the steps of buying investment property.
