Advice on property investment- Melbourne investors take note!

Property investment is a great way to secure your
current and future financial status. We’ve all heard both sides of the
story when it comes to investment- the property investor making millions
and hardly lifting a finger as well as the bad property investment
costing the investor tens to hundreds of thousands of dollars. But in
reality- property investment, done wisely is a very safe and smart
choice. It’s a fact that property value doubles every 7-10 years- and
it’s also a fact that Melbourne’s population is growing and that they
are not making any more land! So smart property investment Melbourne
wide, and in fact, worldwide is about making smart decisions, timely
decisions and informed decisions.

And when it comes to property
investment, Melbourne offers you lots of choice- choice in the type of
property you buy, the location you buy and when you can buy. So here’s
our top tips on making property investment work for you in Melbourne!

What to buy- clever property investment: Melbourne’s rental market

Apartments,
units, townhouses, small homes, large homes, new homes, old homes and
commercial properties… in Melbourne you can choose from all kinds of
investment property opportunities. Good news for you is that there’s
currently a high demand for every kind of property and so it’s
hard to go wrong. When deciding what to buy- be sure to remember that
you need to buy within your means- an apartment may be a good first
investment followed by a small house. Also remember that it is an
investment property not your dream home you are buying so try to avoid
bidding wars which drive prices up. Buy a practical property in good
repair in a location surrounded by good infrastructure and you’ll be
set.

Where to buy- smart property investment, Melbourne

Property
prices are very different across Melbourne. Look for property in a
location that has an established rental market and that has had steady
growth over time. That said, buying in a suburb that has had steady
growth over the last 10 years but where under quoting or bidding wars
are a daily occurrence is unwise. Try to buy in a suburb that has
steady, predictable prices to save you both time and money.

Getting
advice and assistance from an expert is a wise investment also.
Choosing a firm such as buyinvestmentproperty.com.au that specializes in
investment properties and portfolio’s will ensure you get sound advice
on the current locations that offer good return on investment in the
property market. Firms such as buyinvestmentproperty.com.au are scouring
the market on a daily basis, monitoring fluctuations in the market and
ensuring that they see and can predict even the slightest shifts in the
market- giving you investment insight like no-one else can have!

When to buy- making money on your property investment- Melbourne

Good
news for the world of property investment! Melbourne’s property price
boom has softened significantly over the past 3 years, giving buyers and
investors the opportunity to buy at more reasonable and more
predictable prices. But with interest rates low, there is still a little
bit of competition out there. Now is definitely a good time to buy in
the downturned market- and better yet, buying in peak selling times
during spring and mid summer ensures there’s more properties on the
market to choose from and drives down competition. Good luck and enjoy
your property hunt!