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What makes a good investment property?

On Oct 01 2013
Tagged as:
  • Residential Property

Picking the perfect time and place for an investment property involves a conscientious ...

Picking the perfect time and place for an investment property involves a conscientious strategy. 

The window of opportunity can open and shut quickly and it’s hard to know when to make the move.

Luckily, there are some tell-tale signs that can indicate when a suburb or region is about to experience a property boom. After all, timing the purchase of your investment property with the market conditions will be beneficial in the long run for your returns.

It’s important to understand and pay attention to the factors which will influence an investment. Start following the news: Pay close attention to what can affect real estate factors such as mining contracts, industry developments, international production, the national economy, the state of tourism and immigration and elections. All of these factors have a role to play in real estate.

The challenge comes from knowing how to read these signs and making an educated guess about when the right time is to enter the real estate market. For example, if there is news about an upcoming housing shortage, low vacancy rates and a stable economy, it could be a good time to consider taking the plunge and investing in property.

Doing market research also assists in determining where investment opportunities can emerge. There are a number of reports released by industry analysts including RP Data which detail price movements in various markets including Australia’s capital cities.

As part of your research, consult real estate specialists like your local real estate sales agent or
LJ Home Loan writer to discuss your thoughts.

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