The investment apartment

Australians love property and have one of the highest rates of home ownership in the world.  On top of this, the trend towards directing money into investment property is also gaining in popularity. 

With the steady growth of property values, especially in the capital cities, many people have found that the equity built up in their home over many years allows them to take the plunge into investment property.  One of the most difficult aspects of buying this type of property for many new investors is separating emotional elements from financial ones.  It is not necessary for you to 'love' an investment property and its location like you do for your own home. 

When considering buying an investment apartment the important factors to consider are:

• Price - can you afford the mortgage repayments, even if you have several weeks' vacancy each year?  You should plan for 48 weeks rental income per annum.
• Location - is it in a good location which will appeal to prospective tenants?
• Amenities - are there suitable amenities for the type of property you are buying, i.e. a bed-sit suited to a student should be close to public transport and educational institutions.
• Yield - what annual return will you get on your investment?
• Maintenance - is the property in good condition or will it require ongoing  (and potentially expensive) maintenance?
• Car parking - if this is not included as part of the purchase price, how important a factor is this for prospective tenants?
• Capital growth - what is the potential for the property to increase in value, and is this a more important factor than the rent you can get each week?  It is often difficult for a property to deliver both strong capital growth and high yield.
• Property management - will you manage the property yourself, or put it in the hands of a property manager?
• Size of complex – is the apartment in a very large complex or a small development? Both have their pros and cons.
• Body Corporate fees – these need to be factored into your costs.  The more facilities offered (lifts, pool, gym, concierge, gardens, etc) the higher the body corporate fees will be.

Let us find your perfect apartment for growth and return

We understand that your apartment needs are special and unique. Register for a free Wishlist Consultation© we will arrange a convenient time and place to meet to discuss and prioritise your apartment needs and desires. We will then use our extensive MatchMaker data base to identify suitable apartments that match your requirements. If desired we can arrange convenient Private Viewings so there's no running around. It is all so easy. Just relax, there is no pressure to buy and our service is completely free to buyers.

Register for a free Consultation where you can tell us what you want and then let us find your perfect apartment.

Testimonials

"Everything has been handled in the most timely and professional manner."
P. Parker, Melbourne
 
"Communication is very responsive. Excellent service."
Fred Durst, Melbourne

"We would like to thank you for the excellent management we have received on our investment property over the last three years, and to express our thanks for making the whole experience a hassle free one. We have no hesitation in recommending your office to our colleagues."
 K. McCloud, Victoria