Investors

Buying an Investment Property

When buying an investment property there are some fundamental questions to ask yourself to help in determining a strategy that is best for you.

Why?…Often we find the answer to this question is because all my friends are doing it, to have a property for the children to use whilst studying, my parents have advised me to, however the real question is why do you want to invest in property? Or more simply, what is your end goal. It’s important to set goals and break them down into short, medium and long term to ensure the optimal outcome is achievable. 

When?…Understanding your timeline is an important factor when investing in property. Is now the right time for you to invest? Do you have the income and cashflow needed to support a portfolio? Have you obtained the correct advice? Often investors buy a property before determining how they are going to sustain it or have the overall picture. 

What and Where?…Knowing the type of asset class and locations that fit your strategy and what is achievable within your budget, without compromising your long term goal. You need to have a clear understanding of this, it can be different for each individual investor.

Key Fundamentals

When considering a property investment, keep these key fundamentals in mind:

• Choose properties with broad appeal to owner-occupiers.
• Select locations with convenient access to amenities and transportation.
• Identify areas undergoing gentrification for long-term growth prospects.
• Seek properties with unique features or limited supply.
• Research historical growth trends and vacancy rates.
• Prioritise well-designed properties that cater to diverse demographics.

Have A Plan & A Team

Who?…Do I need in my team to ensure my end goal is achieved with confidence? Industry experts such as a mortgage broker or bank, solicitor or conveyancer, financial planner, accountant, building and pest inspector, buyers advocates and property manager. A professional team with strong industry knowledge, who you can trust to make your journey successful.

Here are some important steps to prepare your game plan:

– Start with a clear vision of your end goals.

– Equip yourself with sound advice from trusted sources.

– Surround yourself with a competent and knowledgeable team.

– Develop a precise and comprehensive strategy.

– Gain a thorough understanding of your financial position.

– Assess the feasibility of various asset classes for your budget and objectives.

By adhering to these guidelines and crafting a well-structured strategy, Inview Property can assist you in navigating the complexities of property investment with confidence.

Case Study

Investor for Full Apartment Block with Potential to Subdivide

Location: Elwood  

Clients Brief: Our investor based in Sydney had their sights set on acquiring a distinctive property to add to their portfolio. With a specific location in mind – Elwood – we embarked on a mission to secure an Art Deco building comprising multiple apartments under one title. Our goal was to find a property that was well-maintained and ready for immediate leasing, while also offering the potential for future subdivision into individual titles. This strategic approach aimed to maximise our client’s long-term investment goals. 

Our Solution: We successfully secured an off-market opportunity—a dual street frontage block consisting of five Art Deco apartments that had recently undergone updates, ensuring they were ready for immediate leasing upon settlement. With an above-average yield, this investment aligns perfectly with our client’s long-term objectives. Additionally, we’re delighted to provide ongoing management for these apartments through our dedicated property management department, ensuring a seamless experience for our client and tenants alike.