Investing

What should I do to prepare for an open inspection? Everybody knows first impressions are everything. So when you open up the doors of your home to the public for an ope...
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What should I look out for?

If you’ve decided that investing in property is the way to go, it’s important to recognise that the way you might choose an investment property is very different from how you would choose your own home. Some points to consider:
  • Buy a property that fits your strategy, e.g. do you want to negatively gear, are you interested in commercial or industrial real estate, do you seek properties which you can improve?
  • Understand all the expenses including, stamp duty, strata levies, council and water rates, property management fees.
  • Consider getting Landlord Protection Insurance to cover you if the unexpected happens.
  • Whether you can cover mortgage repayments if the property is vacant for a period of time.
  • Choose a loan that suits you and consider an interest only option, as it will lower repayments and increase your cash flow.
  • Keep up to date on the latest property trends.
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