Renovators around Australia have been buying old run down properties, and bringing them back to life over the past 20 years, with often remarkable transformations taking place. Classic examples are the 'character' terrace homes, or dated 'red brick' classics. They often possess great 'bones' or structure, are in good locations, and are prime candidates for that facelift or upgrade to add value and make a profit.
How will you know if your next property investment will be like a teenage child, constantly with its hand out asking you for more and more of your hard earned money each week, or if it will be a great little cash machine, providing you with a reliable and steady, passive income that will continue to grow?
It takes a lot of planning to take all of your property investment income and expenses into consideration to get a true picture of the investment.
When you’re looking for your next property investment, here is a simple but effective approach that will help ensure your success.
Ok, so you have a deposit, (or access to a deposit through some equity in another property) and a loan pre-approval in place. So it is time to start looking for your investment property.
This is where it can start to become a little overwhelming. There is just so much property out there that you can buy!
Using the services of a real estate professional such as a Buyers Agent is becoming an increasingly common occurrence in many Capital Cities of Australia, especially our biggest City, Sydney.
In the most hotly sought after areas of Sydney, like the inner City, Eastern Suburbs, Inner West and lower North Shore, the competition for quality properties is strong and constant.
Address: Suite 1512/83 Spring Street Bondi Junction 2022
Postal Address: PO Box 2192 Bondi Junction NSW, 1355
Telephone: 1300 132 970
E-mail: info@searchfindinvest.com.au
