Expert property investment advice
Building an investment property portfolio is a popular wealth strategy for many Australians. Armed with little more than a loan estimate from the bank manager and an online list of properties, would-be investors spend their valuable weekends attending auctions and open homes, trying to secure the perfect investment.
But you’re at risk of paying too much if you let your emotions take over or get tired of the search. Worse still, you might settle for second-best after repeatedly ‘missing out’.
Before purchasing any asset, you should conduct thorough research and critically evaluate your options. This is especially true if you’re considering a property investment.
The right property investment can contribute income, capital growth and tax deductions to your personal finances. However, even one or two mistakes can make an enormous difference to your long-term wealth plan.
Selecting the right investment property requires detailed financial analysis, coupled with an assessment of intrinsic value and capital growth drivers.