My Top Tips When Investing In Property

I’ve previously shared why I believe there are many benefits to investing in property and it continues to be a solid investment option. Here are my top tips to keep in mind when considering an investment property.*

If you’re looking to invest in property in Newcastle, the Hunter Valley, Lake Macquarie or the Central Coast, firstly think about long term rental gain. At the moment, all areas are wonderful for investment due to fewer rental homes being available. But look at where you want to invest and ask: Is it near a major highway? Are there shops nearby? Is it in close proximity to a hospital or university? All of these aspects will attract renters in the future.

Building a new investment home is still a great idea, even in these challenging building times. There are more tax incentives and no major maintenance issues for brand new homes.  Previously, investors may have found it challenging to purchase land in a new estate. However, developers are now more open to allowing investors buy land – which is a big plus!

Building a new house also gives you the option of designing a home that you know will attract a broader range of tenants. For example, adding an extra living area will attract more families who can see themselves living in the house for longer as it offers them room to grow. Adding a large walk-in pantry will have broad appeal, and spending that little bit extra on ducted air-conditioning will give tenants extra comfort which might give you the edge when competing against other properties on the rental market, helping you to achieve a consistent and higher return.

If you have any questions about building an investment property, contact me.

*Pease note this advice is general in nature.