Thinking about Investing In Real Estate?
Have all of your ducks in a row:
Organise finance and have pre-approval ready before you begin your search. Confirm with your broker/bank that they will lend to the postcode/s you are searching in.
Understand Your Risk Profile:
Assess your comfort level with financial risks and choose investments that match your risk tolerance. If you have a poor attitude to risk, then gentrifying locations, areas with higher crime rates and even older homes might not be the best options for you.
Set Clear Goals:
Define what you want to achieve with your investment, from capital growth to rental yield. Know definitively your maximum spend, along with your most ideal (and realistic) purchase price.
Research & Planning:
Thoroughly research property markets and plan your investment strategy to maximize returns.
Useful websites:
ATO’s guide on rental property ownership:
https://www.ato.gov.au/Individuals/Investments-and-assets/Residential-rental-properties/
SQM Research free data:
https://sqmresearch.com.au/graph_vacancy.php
CoreLogic’s YouTube website for monthly market updates:
https://www.youtube.com/@CoreLogicRPData
Herron Todd White website for monthly market updates:
https://htw.com.au/month-in-review/
ABS finance data:
https://www.abs.gov.au/statistics/economy/finance
Homely property guides and tips: