In the past many investors were limited in their knowledge of the property market. People could wing it if they knew the area well enough, but when it comes to creating wealth you need to know what influences capital growth in an area. Thanks to the internet, you too can easily identify growth drivers and learn when and where to invest.
The real estate market presents good buying opportunities for those who do their due diligence and know where to look. Here are some quick tips to help you recognise the different sellers, their motivation to sell and how to acquire these properties below market value.
The appeal for many residents living in London and New York City is the vibrant night life, countless shopping precincts, the endless bars and night clubs and the fine dining experience. While this 24/7 way of living exists in other major cities around the world, it’s only starting to become popular in Australia.
Achieving financial freedom through real estate has always attracted people to invest in property. There are countless rags to riches stories of ordinary Australians who have managed to secure a comfortable retirement through property. Unfortunately, there are also an equal number of people who have brought on a whim, without any clear strategy or goals and have lost their fortune in the quest to get rich. If you’re thinking of entering the property market for the first time, the “buy and hold” strategy is one of the easiest and most popular strategy to use.
There are many experts who believe that the only way to achieve real wealth is to employ a capital growth strategy to your investment property. These properties require a larger deposit and are usually negatively geared, but in the longer term they can produce better growth and equity.
Many property investors start their investment journey with various end goals, but when it comes to strategy, the majority of people tend to gravitate towards positive cash flow strategy in order to achieve their financial goals. Positive cash flow properties can help you to immediately improve the quality of your lifestyle, while providing you with a financial safety net.
Saving up for a deposit to buy a home can be a daunting task, especially when you're just starting out. Property prices seem to continually rise, while the banks and APRA have done all that they can to tighten up the lending criteria and the amount required for a home loan deposit. But before you start to tighten your financial belt and begin cutting costs, here are some tips to help you to get a deposit together.