Property Insider
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Successful Property Investment The recent newsletter from Acceptance Finance outlines the habits that successful property investors have in common ȎƱƱƱȂëĈĈĕżƐëŕĈĕǕ ŕëŕĈĕȂĈşŔȂëƖȏȂ Australians love investing in property, and it’s no wonder why; the property market offers a myriad of opportunities to potentially grow wealth, irrespective of one’s professional background or skillset.
ǨȂ ¨IJĕƷ ëſĕ żſşëĈƐĶưĕ ëćşƖƐ ƆĕōĪȒĕĎƖĈëƐĶşŕ As a result, successful investors understand the economic factors that drive markets and the way market cycles work. They can recognise when the market is shifting and act early. And they can seize opportunities where possible. If you want to be a successful investor, you need to become an avid learner. Here are some ideas:
• Listen to podcasts, • Devour books, investment magazines, and blogs on the topic, • Do property investment courses, • Seek knowledge from experts. The key to success is to leverage the abilities of experts in their field. Mortgage brokers, real estate agents, financial planners, accountants, conveyancers, buyers’ agents, property managers – all of these professionals are resources to be drawn on in order to make smart property investment decisions.
today may no longer suit your needs in a year’s time. Successful property investors continually review their loans to make sure they still measure up. In this way, clever investors can identify new opportunities along the way. For example, they may refinance their loans to include offset accounts and redraw facilities to save interest, or they may set up lines of credit to renovate their investments.
ǩȂ ¨IJĕƷ ſĕưĶĕƱ ƐIJĕĶſ ĶŕưĕƆƐŔĕŕƐ ōşëŕƆ ſĕīƖōëſōƷ The right investment loan for you
ǪȂ ¨IJĕƷ IJëưĕ ưĶƆĶşŕ Experienced property investors look past the current market movements to see the big picture. They understand the nature of property cycles. Sometimes it pays to buy and hold property; other times it’s best to flip. Having vision is what sets the successful investor apart from the mediocre one.
ǫȂ ¨IJĕƷ żōëŕ Īşſ ĈşŕƐĶŕīĕŕĈĶĕƆȂ Buying an investment property comes with financial benefits, but there is risk involved. For example, what happens if the tenant falls behind in rent or something major needs to be repaired? What if the property’s value falls? Smart investors plan ahead and have strategies in place for these kinds of challenges.
byronshirerealestate.com.au
SA OP T EN 12 pm
N IO CT AU 6 Rangal Road, South Golden Beach
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4 Arika Ave, Ocean Shores Beautifully presented 10 year old family home. Nothing to do but move in. Big block with room to expand or possible granny flat. Close to the river and walk to Bruns, this home provides a very attractive lifestyle. Located within the Brunswick Heads public school catchment area.
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Inspect Saturday 5th October 12-12.30pm Auction Saturday 19th October 12.30pm on site Todd Buckland 0408 966 421
SA OP T EN 11 am
SA OP T EN 10 am
Located directly opposite the walking track to the sands of South Golden Beach, this cracking house holds a great deal of potential. Move right in or update as you wish, this home has so much space, it will accommodate a range of family configurations.
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Inspect Saturday 5th October 10-10.30am Price $700,000 to $740,000 Todd Buckland 0408 966 421
www.echo.net.au/byron-echo Byron Shire Echo archives
15 Warrambool Road, Ocean Shores This elevated home offers the best of both worlds. Open plan living, dining & kitchen area, 4 bedrooms and a large wrap around veranda with sweeping views . It also includes a separate accom. area for family or guests. Finally, the big 1853 sqm block has development potential. (STCA)
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Inspect Saturday 5th October 11-11.30am Price $790,000 to $820,000 Todd Buckland 0408 966 421 wĈƐşćĕſ ǩǽ ǩǧǨǰ The Byron Shire Echo 27