Thursday, July 24, 2014
Real estate is one of the safest forms of investment, because you can touch and feel the asset you own. At the same time, however, there are some units that will re-sell or be tenanted faster than others. In a survey by Matusik Property Insights potential buyers were queried as to their preferences. The object of the survey was to find out what unit design sells best. To begin with, people surveyed baulked at buying the traditional studio and one-bedroom apartment if the kitchen was under-sized. So an investor should either look to upgrade an existing unit’s kitchen or find one already suitable. Not only larger kitchens were desired in one and two bedroom units, but also larger living rooms. Dimensions mentioned were 6.5 metres to 8.5 metres. Potential tenants also favoured balconies and lots of natural light. The latter can make a variance in price even within the same apartment block. Of course, location is always high on the list. Ready transportation is a big plus as well as a secure garage. Another interesting factor was that the higher the rent, the more amenities were expected by tenants and buyers. Items like spaciousness, more bathrooms, good views and built-in fittings were expected. To be on the safe side, it’s always best to buy something you yourself would live in. Take advantage of our extensive experience in rental units by phoning me, Noel Thompson, on 3809 4495 or 0418 517 525, or stopping by our offices at Westpoint Shopping Centre Browns Plains Road, Browns Plains for friendly assistance.
Tuesday, July 8, 2014
There are four ways to make money out of property investments. To get the top performance from your property you should have a balance of all four elements, namely:- 1) Passive Appreciation: This occurs when you purchase a well-positioned property with a good location and it increases in value along with the general property market over time. 2) Active Appreciation: This happens when you take an action to increase the property’s value by renovation or redevelopment. 3) Rental Return: This is the most common source of return on investment, since it provides cash flow. 4) Tax Benefits: Property is probably the best investment for tax benefits due to negative gearing and depreciation allowances. It’s important to keep all four of the income-producing qualities in mind when investing in property. One reason is that well-located residential properties have inherently high growth rates. Most successful property investors over the long term do so 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. It is probably the golden rule of property investing to buy the best quality property you can in the best location you can find and which you can purchase within your budget. Then never sell the property. We at Professionals Logan Lifestyles can assist you on all aspects of real estate. If you have any questions about any sale, purchase, letting or other real estate matter do not hesitate to call me Noel Thompson on 0418517525 or call in to our friendly offices at Browns Plains for a talk.