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 pre-organised 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.