It is interesting to meet potential buyers of real estate, particularly those who are `investment savvy’, in other words they know what to look for when buying an investment property.
The first thing that is so very important is to ensure any decision made is based on facts and made with a clear, business mind because that is what property investment is all about … it is a business from which you would someday like to make money, or retire on to better your long-term financial outcome. It should NEVER be an EMOTIONAL decision. It should tick all the boxes for INVESTMENT, and not the boxes for WHAT YOU WOULD LIKE FOR YOUR OWN HOME. Don’t worry, this is harder than it looks but I know you can do it.
When seeking to invest, many will turn to building brand new homes because this is the most tax effective way to negative gear. Everything is brand new so depreciation is at a premium for claiming on your tax. Each year thereafter it will decrease until there is very little or no depreciation component left to claim.
Try to buy where there is a big demand for quality new homes and in a high growth area. It stands to reason there will be a high demand for rental properties in this area.
Also, where there are lifestyle attributes such a transport, a good road system, latest technology, employment and shopping centres – these are all needed by families who traditionally lease properties.
I currently have a 3 bedroom townhouse to sell. I actually sold it when it was new about 3.5 to 4 years ago to an investor who has now asked me to sell it for them as they have built a brand new family home and want to start consolidating. The townhouse is smack dab in the middle or the Gold Coast suburb of Nerang. It ticks all the boxes above for locality … that is, it is close to transport, the M1 motorway (north to Brisbane and south to Coolangatta/Tweed Heads), oodles of shops, banks, clubs, and about a 15 minutes drive to the beach at Broadbeach, Jupiters Casino, Pacific Fair, restaurants etc etc.
It ticks all the boxes for investors. I hope that answers some questions for some of you who were asking.
