Property Investment Advice
- Get the best Property Investment Advice before you buy
Perhaps you are looking to invest in another property in Australia, or you’re soon going to be returning to your home country and want to buy property right here in Oz. Whatever your motive for buying property here, you need sound property investment advice before you actually buy.
Speak to an agent recommended by your family here or your friends, and allow him to search for ideal properties on your behalf and begin the negotiation process. He will introduce you to good solicitors, tax consultants who will give you good property investment advice on the best way of getting the most out of your property investment.
Your real estate agent will advise you to choose property that has a good chance of growing with time in value. Check that the property you’re checking out is close to the central business district of your city, and that it has schools, hospitals, public transport and leisure amenities close by. These infrastructural entities will help increase the value of your property investment.
Also, if you buy property near its median price, people will be able to afford the rent you quote, and if you were to sell it, an equal number of people would be able to pay your price—now, that’s sound Property Investment Advice, right?
Look out for blue chip or valuable properties that will hold their own in time to come. If your property agent tells you this, you’re getting good property investment advice.
It’s all very well if you want to invest in property in Australia just to take advantage of the booming property market so you can make huge profits from whopping returns and capital gains.
However, you should do your own homework on the property market and its neighborhood, regardless of all the good property investment advice you’ve been receiving so far. Perhaps, a five-star hotel is slated to come up near your prospective home, or a rail system or a freeway. Do these work for you or against you? Think about it.
Your property agent will advise you on the merits of buying a property with some distinctiveness all its own. Perhaps it has some great views, or has a huge water body in front of it. Anything like shops, nearness to transport, parks, etc that helps in increasing its resale value is worth investing in. Surely, this is the kind of Property Investment Adviceyour agent must have given you by now.
Rate cut tipped for December
All of the 26 economists that were surveyed by Bloomberg have tipped another rate cut from the RBA by mid 2013. Over half have predicted that the RBA will drop the cash rate to 3% in their December meeting.
How much of this rate cut will be passed onto consumers remains to be seen, however, rate cuts of any nature are positive signs for the property market.