Just remember we got this, life will send us lemons and we can choose to make lemonade


Just remember we got this, life will send us lemons and we can choose to make lemonade

Great Advice for First Time Investors on Today’s Market


I think for a first time investor, don’t get caught up in the hype of ‘I have to buy a property’. Don’t get caught up in the hype of ‘everyone’s doing it. I’m being left out.’

Be strategic about it!

Understand what you want to achieve and then understand the strategy that is going to get you there. And I think that’s going to be the best thing that that any first time investor can do and then take action.

Educate yourself and take action.

If you’d like to know more about the buying process. Don’t make the common mistakes that could cost thousands of dollars.

Download the ebook buying process https://investorschoice.com.au/buying-process/

#buyingprocess #propertyinvestment #firsthome #mortgagebroker

Suburb selection


Buying an investment property involves a different mindset than buying a home.

When choosing a suburb, you need to look at these 4 factors:

Factor #1 – Future Growth

You may not be able to predict the future, but you can look at certain indicators to get an idea.

Pricing pressure from suburbs closer to the CBD, income and population growth to name just a few

Factor #2 – Demographics

Knowing what your tenant (and future buyer) wants is vital.

That is why buying the ‘typical’ property for the suburb is crucial.

Factor #3 – Suburb Gentrification

This is a change of fortune for the suburb.

This may mean a change in the people who live there.

Increasing incomes, even the odd organic store popping up.

There are signs that you can watch for.

Factor #4 – Supply and Demand

How does supply and demand factor into your suburb choice?

As an investor you want renters, so making sure there is a healthy demand for the ‘typical’ property but not an oversupply will keep your property from being vacant.

Make a time to talk to one of our experts to find out just how far away you are to setting up your future now https://investorschoice.com.au/bookacall

Suburb selection


Can you really predict the future growth of a suburb you’re considering?

You may not be able to predict the future, but you can look at certain indicators to get an idea.

Look to the past to get an idea about area growth over the years.

A capital growth for the suburb that is equal or better than the city’s average is a good start.

Also, don’t forget to research all the factors that can impact your property’s future capital growth.

Things like:

Pricing pressure from suburbs closer to the CBD
Growing income in the area, which indicates gentrification
Low vacancy rates and rising rents
New infrastructure
School catchment zones

One of the most common causes of capital growth is the ripple effect.

The ripple effect happens when buyer demand and increased property prices causes a “ripple” outward away from the CBD into other suburbs.

This means that buyers who can’t afford the suburb of their choice, because of price increases look to the next-best suburb.

Often this nearby suburb is lower-priced – until the subsequent demand reaches them.
And then the ripple effect pushes into the next suburb, and so on

Join our First Home Buyer Facebook community to learn more about our framework
https://www.facebook.com/groups/firsthomefirstinvestment/

December 2020 Economic Update


The economy is out of recession. The property market is up. The time to act is now. If you need your mortgage reviewed so you can get ready for the opportunities of 2021 then make a time to talk to our experienced mortgage brokers today.
http://www.investorschoice.com.au/bookacall