Whether you’re investing for cash flow or growth, you want the property that you buy to perform better than the market average. It requires a fair bit of trial and error to acquire the skills for consistently picking properties that outperform the market, and in this special edition of Your Investment Property magazine, we present a tested and comprehensive roadmap to investment success.
Our step-by-step guide covers the essential buying strategies - from compiling yourself a buying brief, conducting market research, and selecting and inspecting your short-list. We also include insider tips to successful negotiation and auction tricks to weed out your competition.
If your budget is limited but you still want to play the property market, our article on the top CBD suburbs with median values under $300K should give you a leg up with your research. It seems unreal at this time of sky-high property markets to find such bargains within capital cities, but there are still plenty of options for the budget-conscious investors.
If you are thinking of selling this spring, our article on How to prepare your home for sale will give you the best advice on the quickest, cheapest and easiest ways to make your home stand out from the rest during this frantic selling season.
Or are you looking to pump up your equity or rental return without selling? In this issue, our experts give you the inside scoop on how to generate monster profits through strategic renovations. You’ll also get invaluable tips on how to create $570,000 in under five months from one of Australia’s leading renovation experts.
One of the hottest emerging trends in property investment is buying through self-managed super funds. In order to fully reap the benefits of this strategy, you need to get the initial set-up right. To help you get started, we have compiled an in-depth step-by-step manual, from setting up to structuring and borrowing to invest.
Starting this month, our property price guide now contains NEW data on AVERAGE VENDOR DISCOUNTING for each suburb. This unique information will help you identify discount levels you can expect to negotiate when buying properties. It also gives you an indication whether the suburb is a buyer’s market or a seller’s market, based on the level of discounting by sellers.
In addition, we have added the data on AVERAGE HOLD PERIOD by owners. This information gives you an indication of the suburb’s desirability, determined by the length of time owners hold onto their properties.
Finally, we feature the story of a young couple who started investing in their teens and went on to build up a $2 million portfolio within three years – proof that when it comes to property investing, it’s never too early to get started!
Nila Sweeney, editor, Your Investment Property
