Choosing the right finance is the first step to a successful property investment, with Australian real estate delivering impressive returns over the past few years it can represent a solid long term investment plan.
But like all wealth creation strategies, successful property investment requires the appropriate planning market research and financing.
Define your investment strategy
Having a clearly defined strategy that includes what you want to achieve from your investment will help shape your approach.
If you are after a cash positive investment that provides high rental returns, you will need to focus on specific segments of the property market. Alternatively, if strong capital growth is a priority, you’ll need to focus on the areas that offer the greatest potential for price growth over the coming years – not necessarily those that have increased the most in the past.
You must also consider whether or not you would prefer to buy a new property compared to an older one.
Deciding where to buy
Whether you are a seasoned property investor or looking to crack the market for the first time, deciding where to buy is always a difficult decision to make. Your choice will be simpler if you have done your due diligence and established a clearly defined investment strategy.
Don't invest alone
One of the most important professionals you should consider enlisting is a mortgage broker.
A Choice Home Loans broker can provide you with a selection of mortgage solutions, tailored to meet your own personal needs and investment strategy. From helping you to develop a better financial plan to securing the most affordable and suitable loan product on offer to helping you with completion and approval of your home loan application, we can ensure you get your deal over the line.
If you’d like to discuss your investment options, contact a Choice Home Loans broker now.