Investing Made Easy – Tips for Investing in Perth

The Western Australian property market is screaming out and its message is clear – “Now is the time to invest”. If you’re an investor in Perth or are interested in property investment then there has never been a better time to get started. You see, the WA property market has found itself In a lull and all signs seem to say that not a lot is happening. The truth is though, this lull is very temporary and the foundations of the WA property market remain strong. 

By choosing a strong property management team and investing now, you can beat the crowds and reap the benefits when – as predicted – things go from strength to strength in the long term. 

To make investing even easier, here are the top tips for investing in property in Perth. 

1. Location, Location, Location

You’ve heard it when it comes to buying your home, but location is even more important when it comes to investing in property. If you want higher rates of growth and higher rental returns in Perth then there are there preferred places to buy your investment property. Make sure your property is located near the river, the coast, or the city. 

2. Buy Around Home Owners

If you’re purchasing an investment property in Perth, don’t just buy where the investors are buying, move in next to the homeowners. Areas with owner-occupied homes are areas where people want to live. Amplify the interest in your property now and into the future by considering what appeals to the people, not just the investors. 

3. Buy a Bigger Block

Don’t just consider the bricks and mortar – size matters when it comes to your block. This is because of subdivision, or splitting your property into smaller properties. The bigger the block, the greater the chance of subdivision, and the greater the potential for a higher property value. 

4. Start Small, Accumulate Experience

You don’t prepare for a marathon by running 10kms, you start by running around the block. The same principal applies when it comes to property investment in Perth. Start with a lower priced property – between $450,000 and $550,000 – that’s in a great location. This gives you great experience without over-committing financially, and if you’ve bought in the right area you should still benefit from higher capital growth. 

5. Play the Numbers with Multiple Investments

Start small, yes, but don’t stay small forever. Make sure you put a long-term strategy in place that sees you invest in more than just 1 or 2 properties. This does several things. It promotes security if one of your investments fails and helps you to create significant personal wealth. 

Choose an Experienced Manager

Anyone can enter the property market in Perth, especially at the moment, but that doesn’t mean you don’t need an expert on your side. If you’re looking to invest in a property or need a property manager in South Perth, then contact the team at either our Como or Bull Creek office.

Post by Jones Ballard 29 Aug 2015 0
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