Useful Tips For Buying an Investment Property in the Moreton Bay Region
We specialise in helping investors to buy, sell and generate an income from investment properties in Moreton Bay Region, Brisbane, Sunshine Coast and Ipswich Region. Whether you are interested in acquiring a property, renting one out to generate an income or selling an investment property that you already own, we would be delighted to provide you with all the assistance you need to achieve your aim. Meanwhile, we would like to offer some tips to those who are currently looking to buy an investment property in this part of Australia.
Tips on Buying an Investment Property from the Professionals
Prices may go up or down during certain periods of time, but residential real estate has proven to be one of the best long-term investments over the years, which is why so many people are keen to include one or more properties in their investment portfolio. However, if you want to maximise your chances of making a good return, you need to choose your properties carefully. Before you commit to buying a home in the area, consider the following factors.
The Location – This is perhaps the most important factor of all. A nice property in a bad location could prove to be almost impossible to sell and very difficult to rent out too. Even if the price is very tempting, we recommend avoiding investment properties in unpopular or undesirable locations.
The Price – How much you pay for the properties you invest in will play a huge part in determining whether they turn out to be good purchases or not. We can provide you with an accurate market appraisal for any property you are thinking of buying, as part of our investment property services.
The Style and Type of Property – Certain types and styles of property are much easier to rent out and sell than others. Before you buy a home in Moreton Bay Region, Ipswich Region, Sunshine Coast or Brisbane, you need to make sure that it is of a type and style that is popular with tenants, other investors and house hunters. As active property managers and advisors to many buyers and sellers in the area, we can provide you with up-to-date information that will help you to avoid making a poor investment.
Supply vs Demand – Some suburbs and streets have significant percentage of properties that are rentals. An oversupply of rental properties in a location can lead to lower rents, high vacancy and reduced price when you sell. You should always get expert advice before you buy. We can help you with detailed research and advice to help you buy an investment property that ticks all the boxes.
The Scope for Improvements or Extensions – Properties that are easy to extend or improve often make better investments, so it is well worth considering this factor when you are evaluating houses in the area. Whether you intend to improve the properties in your portfolio before selling them on or you are going to sell them in their current condition, this factor is still one that you should consider.
If you would like the help of an independent property investment advisor with years of experience in the business, please feel free to call and speak to us at any time. We will be happy to provide you with a market appraisal for properties you are looking at, help you to find the best investment opportunities in the area and manage your property portfolio if you desire.