The following information can assist you in your search of purchasing your very own investment property.
Choosing an investment property
There is a wide range of property options for you to choose from such as an apartment, unit, townhouse or house. Selecting the right property type for you is based on a number of factors including the location and financial limitations.
Other types of investment property are;
- Newly Completed
Properties
these are ready for tenants or owners to move in. Investors can visit these properties or view their information through searching our extensive property database.
- House & Land
Packages
offering a range of professionally designed homes either on allocated plots of land or a suitable plot chosen by you. The packages come with different levels of finishing or fully furnished, ready for the tenant to move in once completed.
- Off the
Plan
buying off the plan allows you to secure the best positioned property at today's prices by purchasing a unit or townhouse before construction has commenced. Off the plan prices are often discounted and both additional tax and stamp duty incentives may apply.
Where to buy an investment property
Buying the right investment
property doesn't necessarily mean buying close to home. Keep in
mind that you won't be living in the investment property so you
will need to avoid becoming emotionally attached as this can affect
the purchase of your investment.
Look at lots of different locations such as the city, a few
kilometres outside the city in the suburbs. Make sure that you are
buying in a high growth area to maximise your property investment
return.
Once you have selected the right investment property to buy, the
process is the same as if you were buying it to live in.
When to invest in property
It is generally considered that the property market in based on a 7 year cycle. Ideally you want to buy your investment property when the market is low. Based on the fact that property prices are either going up or staying at a halt, there isn't really a bad time to buy your investment property. If you happen to buy when the market is at its peak, you are still able to reap the rewards of high capital growth.
If you would like more information, please contact our Customer Service and Sales team on 1800 652 224 or email contact@parktrent.com.au
