Today's investment property tip - brought to you by the Homefree Team.
AVOID RURAL, SMALL &/OR MINING TOWNS/OFF THE PLAN PURCHASAES/SMSF/CITY APARTMENTS/HOUSE & VACANT LAND - UNREGISTERED
Rental returns may be higher in some areas, however, should a major business/employer close (i.e. Ford in Geelong) you may very quickly find your property vacant, limited prospective tenants and property values on the decline!
New figures from Loan Market Group show Victoria has become the nation’s undisputed first-home buyer capital.
Homefree Mortgages' Investment Property tip for today is: PROPERTY INVESTMENT IS LONG TERM!
Australians spent the most money ever buying property last year despite higher-for-longer interest rates and high house prices.
Making use of your equity depends on its relative equity percentage, or LVR (Loan to Value Ratio).
So what should you be looking for during an open home to make the most of that time?
You can convert everything you see to a format you find convenient. Give it a try!