Most successful property investors over the long term invest safely without speculating. They buy quality properties in good locations and hold them over the long term, allowing them to grow in value.
The main reason they purchase property in the first place is for strong capital growth. These types of investors rarely sell their properties. When they need money they simply refinance their investment properties as the equity increases.
It is probably the golden rule of property investing to buy the best quality property you can in the best location you can find. You then purchase within your budget and never sell the property.
Another successful trait of property investors is to buy at the right time in the property cycle. The end of a property slump is of course the ideal time to purchase because it is soon followed by an upturn in property values.
Purchasing at low prices kick starts and investment. One rule of thumb for property investors is not to overpay. You should buy at or below "FAIR MARKET VALUE".
There are still bargains to be had in today's market and any further negative global influences will flush out even more nervous sellers. Long-term investors can then take advantage of such short-term upsets to establish themselves for the next segment of the property cycle.
You can then add even more value to your property purchases by renovating or redeveloping your properties.
If you have a real estate need or question feel free to contact me Noel Thompson, Principal Professionals Logan Lifestyles on 0418 517 525 or call into our offices at Browns Plains and Waterford for a friendly chat.
http://www.llr.com.au
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