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Investing

What to look for when selecting investment property

Plan your approach:

HAVE A GOAL when you are looking at property. Is this a first step in a portfolio you are building? Are you a seasoned investor? Aim for a minimum of 5 years to hold onto the property, the past 100 years indicate that properties double in value every 10 years. Are you considering a permanent residential rental property or a holiday letting property? Aim for good value and the best possible location.
YOUR BUDGET needs to be realistic and what you can afford. Have your finance preorganised so that you have a figure in mind rather than letting your heart rule your head. Negative gearing has many benefits and if you are unfamiliar with them – seek professional advice. You may find buying a brand new 2 bedroom property over an existing established 3 bedroom property has many tax advantages such as depreciation.

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Ensure your property meets the following minimum criteria:


POPULATION stability whether established or growing needs to be in place. This is to cover the supply and demand cycle. South East Queensland has proven that growth trend favourably. When you review the statistics and research such as the Queensland Government South East Queensland Regional Plan 2009-2031, July 2009. The detailed plan summarised ‘from 2006 to 2031, 754,000 additional dwellings will be required to cater for population grown in SEQ and provide housing choices for a more diverse population.’

EMPLOYMENT OPPORTUNITIES are paramount when considering a location. Even though you may be able to buy a 5 bedroom sprawling homestead in a rural area you won’t succeed unless you have a readily available supply of tenants to pay the rent. Queensland is famous for tourism however this industry although very important is now accompanied by additional industries including commercial, retail, industrial, health, education and technology supporting the continuing growth in the SEQ region.

COMMUNITY INFRASTRUCTURE needs to be present whether existing or planned in the near future. People want to live somewhere safe, healthy, with education and health services. When you imagine yourself in the shoes of a tenant – why would you want to live there? Proximity to shops, schools and transport all play an important part.

LOW MAINTENANCE properties are the ideal investment. You don’t want to select a building that has a high body corporate with a large sinking fund expenditure due to poor body corporate management. When looking at house and land select low maintenance yards with minimum fuss. Consider getting a building inspection report on the property prior to making an offer. Leave the construction details to an expert. The last thing you want is to be replacing electrical wiring, roof tiles or poor plumbing.

Contact Glow Realty today for more information on how we can assist you with your investment property.

TESTIMONIALS

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  • “I have found Kelly to be extremely professional and dedicated in my dealings with her and would not hesitate in recommending Kelly and Glow Properties to any landlords looking for a property manager”

    Chris R Hurstfield, Property Owner

    Chris R Hurstfield, Property Owner
  • Quite simply, Kelly allayed all my fears. She provided me with wellorganised and clear information about details I had not even considered, and she made astute and straightforward recommendations for preparing, protecting and making the most of my investment.

    Sue Guilfoyle, Property Owner

    Sue Guilfoyle, Property Owner
  • “Kelly demonstrates competence, adopts a firm but friendly approach with tenants and gets the job done quickly. We wish her every success for the future”

    Rich Harvey, Managing Director –Property Buyer

    Rich Harvey, Managing Director –Property Buyer
  • Glow Properties provide a personal service that is hard to find in today’s society.

    Letitia Grzes, Property Owner

    Letitia Grzes, Property Owner
  • The concise reports and information which Glow Properties send to us is invaluable. Their service extends far beyond the normal duties of a managing agent.”

    Wendy Sonnex, Director – ChasWen Investments

    Wendy Sonnex, Director – ChasWen Investments
  • “When I spoke to Kelly, she explained everything in detail, provided me with notes and assisted me when required in my stressful time of renting my property”

    Sharni Taylor, Property Owner

    Sharni Taylor, Property Owner
  • I would like to express my appreciation for the work Glow Properties did in promptly finding a qualified tenant for our properties in both Upper Coomera and Southport. Being kept up to date with the progress was something I cherished greatly, through their easy web property management services. Your experience at negotiating with the tenants to ensure our needs were met whilst maintaining a highly professional relationship made the process an enjoyable one. I have no hesitation in recommending your services to other business associates and friends.
    Leanne (Gold Coast Qld)

    Leanne (Gold Coast Qld)
  • Gold Coast and had different property managers for each rental property as we did not want to put all our eggs in one basket. Glow Properties now looks after all of them for us and we get better service than ever before.

    Rosemary and Bill (Maroubra, NSW)

    Rosemary and Bill (Maroubra, NSW)
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