Many people talk about the idea of moving into an apartment in the city, and there are actually far more reasons to do so than not. Those reasons are actually plentiful enough to make real estate investors sit up and take notice, especially when they realize that the demand for city apartments is very much on the rise. People move into an apartment for a number of different reasons, with some of it down to downsizing, but the vast majority of people who look at renting an apartment do so in order to live in a certain area of the city, and also as the first step in eventually owning their own place.
One of the most common misconceptions is that apartments in Sydney are all small spaces that will feel crowded with more than one person in the room, but many modern apartments are really spacious 2 and 3 bedroom residences that are perfect for a small family. When you look at a city like Sydney, it’s also easy to see the appeal of apartment living, especially when so many of them are located in established neighbourhoods [listed below], that hall all the amenities that you could ever need right outside the front door of the building. Real Estate Pyrmont Real Estate Darling Harbour Real Estate Haymarket Real Estate Sydney CBD Real Estate East Sydney
City Apartment For Sale – better option?
Besides the obvious plus of a great location, an apartment can also remove much of the time consuming hassles that come with owning a house. There is no need to spend the majority of your weekend doing yard work, and any repair issues that may arise will all be quickly taken care of if you are in a building that is maintained by a professional property management team. That is another reason that makes a city apartment such an appealing prospect for someone looking to land an investment property, as being the landlord of a house can mean taking care of all that stuff alone. Another great plus of living in a city apartment is that the vast majority of them have a number of great amenities that all the residents can get to use. That can include a pool, sauna, and a weight room, all of which could save you a considerable amount of money, given that you won’t have to sign up for a gym in order to stay in shape. There is also security to consider, and in most cases, access is limited to those who live in the building and their invited guests, which means not having to pay for expensive alarm systems.
There are a number of great reasons to go forinvestment apartmentor studio in the city, and for some it’s enough to be close to the CBD and all the great amenities and infrastructure that are already in place in the surrounding area. An apartment offer equal opportunity for both the renter and the investor, and that is why there is a real clamor to be part of the apartment action in Sydney. Lastly there is huge interest for obvious reasons in owningholiday property investmentin Sydney.
Posted by Stephen Marshal from Oaks Property Sales Sydney. For more insight info about investment propery in Sydney wisit The Oaks Property website or our blog.
Most people have a vision of someday owning and living in their perfect dream home, but that usually doesn’t happen when you come right out of college and start a new career. While apartment living is fast becoming popular among a wide range of different renter demographics, the one bedroom apartment still tends to be perfect for a single person, or a young couple who are looking at buying their first place together.
Get One Bedroom Apartment For Sale
It’s not everyone who can afford tobuy investment property Sydney, and many of those people are actually just looking to rent while they try to save money for that first big home purchase. That desire for people to want to make the move to bigger and better things actually makes them a great candidate to be a renter, which is great news for those looking to buy a one bedroom apartment as an investment property. That may sound strange, especially when you consider that those folks will have one eye on moving out eventually, but it also makes them very keen to keep their credit in checks, which means that you can always expect to receive your rent on time, each and every month. It’s true that younger people tend to be drawn towards a one bedroom apartment, and a lot of that has to do with the locations that those buildings tend to be placed in. Young professionals love the idea of being a stone’s throw from the Sydney CBD, but that also means that they won’t be far from the excitement and nightlife of Oxford Street. It’s like the best of both worlds for a single person, or a young couple who want to be right in the heartbeat of the city, whilst still being close to work and other amenities. When you consider all the things that those potential renters will be looking for, you will quickly realize that it almost perfectly mirrors what an investor looks for in a prime piece of real estate. Most aspiring investors tend to look for a residence that is in a high growth area that has already established itself as a solid neighborhood. Sydney has a number of those locations, and with the amount of new people moving into the city in the coming years expected to hit as many as 1 million, the demand for rental spots is going to climb along with it. A one bedroom apartment is a great starter home for renters and investors alike, and when you combine the fantastic location with a building that is run by a greatproperty management Sydney, then you are onto a winner in every regard.
Posted by Stephen Marshal from Oaks Property Sales Sydney. For more insight info about investment propery in Sydney wisit The Oaks Property website or our blog.
This might just be the perfect time to take a look at property for sale in Sydney Australia given that prices are at levels that many consider being at an all-time low, despite the fact that the city is in the midst of a population boom that shows no sign of slowing down. It may be that you are looking to move into the bustling, exciting metropolis and want to be a part of that excitement, or perhaps you are seeing this as a great investment opportunity that doesn’t come along all that often.
Property for sale Sydney Australia: Couple of points
Infrastructure around your property for sale Sydney Australia
Whatever the reason for your interest in Sydney property, you are probably wondering where to live and what sort of property would best suit your needs. Many will look at getting into a new home on the outskirts of the city, and while many new neighbourhoods are going up to accommodate the influx of new citizens, it may not represent your best buying option. Sure, the houses will be all shiny and new, but the infrastructure surrounding them may take upwards of 10 years to be fully in place. That’s an awful long time to wait for all the amenities that people in other parts of the city take for granted.
Property for sale in Sydney Australia: The perfect scenario
It could be argues that the smartest move would be to buy investment apartment in one of the established or up and coming areas that already exist in certain parts of Sydney. You could have a beautiful spot overlooking Hyde Park in Real Estate East Sydney, or a balcony with a stunning view of the Real Estate Darling Harbour area, with each one of those locate in a building that is maintained by a professional management company that will make sure that it is kept in tip top condition. That is something of a perfect scenario for both a buyer and an investor, both of whom will benefit greatly from living in an apartment in any of those properties. Not only will they be at the right in the heartbeat of the city, but they will also be close to transportation, shopping, the exciting nightlife of Oxford Street, and of course, just moments away from the Sydney CBD. It’s everything all in one place, and with many of those neighborhoods destined to become part of the growth of the city, it’s like getting in on the ground floor of an investment that is already guaranteed to succeed. Convenience is one thing, but living a luxurious lifestyle in a beautiful apartment is quite another, and that’s exactly what you get with many of those properties. Incredible amenities and concierge service, all in a building that is looked after by an amazing property management team, should be more than enough to sway your decision when it comes time to buy investment property Sydney.
Posted by Stephen Marshal from Oaks Property Sales Sydney. For more insight info about investment propery in Sydney wisit The Oaks Property website or our blog.
Most people who look to buy investment property Sydneyusually do so with a couple of strategies in mind. There are those who will buy a place that is seriously undervalued, do a little facelift on the property, and then try to quickly flip it for a profit. Then there are those who look at property investment as a long term deal, and while they still try to find great value, they are more interested in the expected capital growth of the area in which they are investing. That group of investors usually ends up renting their property until such times as the expected sale price reaches a point that will make it extremely profitable for them. There are a bunch of other investment strategies that buyer’s swear by, but Sydney is a city that offers another one that is fairly unique to only a few other cities in the country. It is estimated that somewhere in the neighborhood of 7 million tourists annually choose Sydney as their vacation destination, and that creates a fantastic real estate investment opportunity that many new investors are starting to seize on. Let’s face it, those millions of tourists all need somewhere to stay, and it’s not all of them who want to be crammed into a small hotel room on the outskirts of the city. For many of those visitors, a trip to Sydney represents a vacation of a lifetime, and their feeling is that if they are going to spend a bunch of money to travel halfway around the world and back, then they might as well do so in some considered style. That means avoiding the hordes that flock to hotels, and choosing instead to rent a luxury apartment for the duration of their visit. There are some magnificent apartment buildings in Sydney that fit that bill perfectly, all of which have the same sort of amenities that you would expect to find in a hotel, such as pool, sauna, and concierge service.
Location for Holiday property Investment
This opens up a whole new real estate investing opportunity for potential investors, especially when you consider that many of those tourists would be more than happy to pay above and beyond the current rental rate in order to land in a location that is close to everything and is luxuriously appointed. Perhaps best of all for the inventor, the vast majority of those buildings are run by professional management teams who are more than happy to take care of all the marketing in order to ensure that your investment stays full during the holiday season and beyond. Much like a hotel, you can adjust your pricing to stay in line with the ebb and flow of the holiday seasons. Keep in mind that if you invest in a location that is close to the Sydney CBD, then you will also have an opportunity to rent to those who come in for business meetings, or who have been newly hired by a company and need a place to live while they look for a permanent place to live. Who knows, perhaps they will want to rent your apartment for the long haul.
Posted by Stephen Marshall for The Oaks Property Sales leading Australian investment property Real Estate. For more information about potential investment opportunities visit our website Real Estate Sydney
Posted by Stephen Marshall for The Oaks Property Sales leading Australian investment property Real Estate. For more information about potential investment opportunities visit our website Real Estate Sydney
Sydney is one of those cities that are recognizable to people all over the world. It is home to many of the globe’s most beautiful landmarks, but ask anyone who lives there, and they will also tell you that it is a great place to live and work. That may be why Sydney is a city that is going through a major boom period, and it’s one that is expected to continue for many years to come. That means that many new homes will be getting built, many of which will be in already established neighborhoods such as East Sydney and Darling Harbour, and that all adds up to a magnificent opportunity for real estate investors.
How to Buy Investment Property Sydney
One of the first things that a person wanting to buy real estate investment should be on the lookout for is an area that is on the verge of capital growth, and it’s fairly safe to say that Sydney is already well in the midst of that. One reason simply isn’t enough to sway those who may be on the fence about investing, so here are a few more that should be enough to make the decision crystal clear. Sydney has always been considered one of the more expensive cities to live in, but the last few years have seen property prices drop to the lowest they have been in years. It has nothing to do with the housing market and everything to do with how terribly the economy has dipped on a global scale. That has hit every major city across the world, but it has also created a fantastic opportunity for real estate investors. That means that Sydney now has many properties that are seriously undervalued, yet in an area that is continuing to grow, and that all adds up to an incredible investment opportunity.
Those who may not have been able to afford a rental property in the past may now have a couple of different things working in their favor that might just help. Interest rates are remaining very stable at the moment, and in some cases have even been lowered by a quarter of a point. Combine that with the possible tax breaks that some property investors enjoy, and you are left with a situation that all of a sudden doesn’t look so financially out of reach.
Time to Buy Investment Property Sydney
With so many new people moving into the city on a daily basis, the demand for quality living is at an all-time high, which is a good new for owner of property. With so many attractive properties in the Sydney area, such as the Goldsbrough Apartments and Grand apartments, the task of filling your rental property is getting easier by the minute. These buildings, and others just like them, are in prime, desirable locations within the city, and the chances of them sitting empty for any length of time is pretty slim. If you look at all the factors listed here, it’s plain to see that Sydney has become something of a perfect storm of opportunities for real estate investors, so now would be the time to get in.
When it comes to thinking about real estate investment, most people seem to have it in their heads that a single family home is the only way to go. What those folks fail to realize is that a great many people who are looking to rent rather than buy, are not in fact looking for a house, but rather may be more interested in your investment apartment or a studio. This is particularly true of single people and younger couples who like the idea of being in an area that is close to nightlife and amenities. It also helps when your investment studio is in close proximity to the Sydney CBD, where many of those young professionals work every day.
Why Investment Studio?
Opting to invest in a studio is a somewhat different strategic plan than deciding on a single family home in that it is definitely considered to be more of a medium to long term investment. Purchasing a home is oftentimes done with the purpose of flipping the property and trying to make a quick dollar, whereas investment studio will make its money back in rentals.
That’s not to say that you can’t turn around and sell it somewhere down the line, and those who have purchased and hung in there tend to make a more substantial profit with a studio.
It is not uncommon for the value of a studio to double over a 10 to 12 year period, and with the population of Sydney expected to rise by over a million people in that sort of timeframe, a studio investment may actually be a very wise choice at this time. Newcomers to the city are going to need somewhere to live, and a small rental property may very well be the residence of choice for many of those folks.
Investment Studio: secure investment
While buying a studio for rental purposes seems to be the smart move, it’s also somewhat reassuring to know that many people will actually consider buying a studio as their first foray into the home buying market. What that means is that if, for whatever reason, you have to sell investment studio, or you simply want to move on to a larger property, it’s reassuring to know that there is still a very good market for studios and you may have very little difficulty in getting it sold when that time comes.
Perhaps the best reason for getting investment studioin Sydney is that a vast majority of the buildings are in great areas to live and are maintained by professional property management companies. That means that much of the stress that comes with being a landlord will be removed from your shoulders. They will take the time to make sure that your property stays rented, and that your money gets to you in a quick and timely fashion. It also means that those buildings are usually in fantastic shape, which in itself makes them a huge draw for potential renters.
There are various property investment opportunities in Australia right now, taking into consideration that the number of people will be on the rise over the next ten years, it is a good time to buy investment property in Sydney or any major city. There are many investos that already purchased their investments, but what stops them from growing their portfolio is that they simply don’t have the time to dedicate to additional investment property. That is why professional property management Sydney real estate can help; helping the average investor to succeed with their properties.
Some owners will say that using a investment property management means that they have to pay % of their income every week. However the situation is opposite and you will be saving your time and money over the long periode of time. But you have to find property management team that understands the area in which you have purchased your property, and to find the right tenant for your property. Finding the right tenant for your apartment means that there is less chance of having to look for a new tenant every couple of months, which in result cause your investment being empty for long period of time every year.
It’s also a relief to have someone who will help look after and maintain your apartment, whilst also making sure that you get your money in every week. Those investors who choose to go it alone can end up burning an interminable amount of time chasing down tenants in an effort to get their rent money. That also goes back to making sure that the right tenant is in place, and that they have an excellent history of credit and paying on time.
Aligning yourself with a property management team can also save you the effort of trying to find a suitable property to invest in. The best of these teams, such as Silver Bullet Realty in Sydney, already have a fabulous line-up if properties in their real estate stable. They have locations that are spread out all over the most appealing areas of the city, and each of those properties has floor plans and price points that will suit every type of investor. The buildings that they maintain are the cream of the crop of rental properties in the Sydney area, and already hold an allure that makes them very inviting to those looking to rent.
There are many other reasons why a property management team is a good idea for the average investor, and the competition for your dollar means that many of those teams are willing to go the extra mile to show you exactly what they have to offer. Take a look at the Silver Bullet Realty website to get an idea of not only the great properties that they have, but also the promotions that they have on offer for those thinking of dipping their toes into the real estate investment market.
Investing your money in anything in this market can be a risky business, and if you’re investing in real estate, your risk has just exponentially increased. Before you decide to put your money in the market as a buyer, make sure you’re fully informed on how to approach the real estate market when buying investment property Sydney. Read this article now
When you are buying real estate, keep in mind that property is not the same as stocks. Many people like to try to make money by buying and reselling properties. Unlike the stock market, a property could end up sitting in your portfolio and not generating the income you had hoped.
When you are looking at buying a home look up the neighborhood for sex offenders. The police are in charge of keeping that list updated. However your agent may be able to help you find that information. Of course if you have children you wouldn’t want to move next door to someone that has a record that involves children.
Private or hard money loans from real estate investors may be your only option if you are planning on flipping a house in today’s real estate market. While they are costly, they are much more lenient in their terms and easier to obtain on short notice, keeping you from having to pass up on a good deal.
If you are looking to purchase a property and quickly flip it for a profit, you need not concern yourself with the location and quality of the neighborhood, as this will have little to no effect if you are simply looking to fix it up and sell the property.
Prospective home buyers should consider purchasing a home with enough garage space to store their vehicles. Well maintained garages not only protect their other major investment, their cars, but also improve the resale value of their homes. A house needs to have at least a two-car garage, but in certain areas of the US, three-car garages have started to become standard.
If you run across a property you like, make sure you do your homework. Do not just concern yourself with the house, but you should also get a feel for the entire neighborhood. Check to see the condition of the neighborhood, see what kind of cars are on the street and how clean it is. Also, check to see how good the schools are in the area.
You’ll know when you’re ready to make a property selection. Generally, your agent can tell also via intuition. They should not steer you though, and you should be able to make your choice without them interfering. It’s not their choice to make. They should point out any problems or defects though and make you feel confident with your decision.
Consider purchasing a vacation home that is not too far away from where you currently reside. This way, you will be able to get the feel of a vacation, without being too far away from home. This works well for people on limited budgets, who have the means to buy some sort of vacation real estate but are unsure if they can spend a lot of money on traveling to get there.
When you are interested in a home that has a flaw, such as an aging roof, do not be afraid to ask the sellers if they would consider fixing it or dropping the selling price as an allowance for you to have it fixed. Many sellers, especially if they’re highly motivated, will accommodate such requests.
Hire a home inspector. A home inspector can tell you what is wrong with the property, what is right with the property and alert you to any immediate problems. Before hiring an inspector though, make sure to do your homework and make sure that the inspector has references and good credentials.
If you are looking to purchase real estate, it is important to do your research on any companies with whom you will be conducting business with. There are many companies who prey on first time home buyers by using predatory lending techniques. Check with the Better Business Bureau before doing any business to insure the company you are dealing with is a reputable one. This will save you headaches in the future.
Check with the local tax office to find out what square footage has been recorded for the home. Any work that has been completed without permits can lead to problems in the future for you. You will be required to make any changes or improvements to bring the work up to code.
Now that you’ve read the article, you have just seen many different tips and tricks that will all help you to make the best decision as a real estate buyer. Being a buyer can be tricky and difficult. Act on what you’ve learned here and you may be able to simplify the process significantly.
For more information about Maestri Towers Sydney please visit Property sales website or Video Real Estate Sydney YouTube channel
Avoid real estate traps
When making a purchase, no matter how small or large it may be, it is important that you know pertinent details. This is true with home purchasing, you want to know all there is to know about it before beginning the process. This article is going to give you home purchasing advice and real estate investment information
Buy a vacation home. Buying extra property may seem silly to some, but a vacation home is a great investment. You will not only have a great place to spend your summer vacation, but you will also have added financial security. If you ever run into financial problems, you can sell the property to lessen your burden.
One important tip when it comes to real estate is ease of travel. This is important because you want to make sure that you do not burden yourself with a long or difficult commute to work or to local shops as this may lead to regret eventually. Also try to anticipate the local roads in all weather conditions for the area.
Consider how far away you family will be when looking at neighborhoods, especially when you have children. Having family members located nearby can be a great benefit both emotionally and financially. A family member can act as an emergency babysitter when needed or be there to help out on a big painting job.
When considering buying real estate for profit or to live in a great thing to do is to visit the location during different times of the day and night. This way you will be able to witness activities in the neighborhood. It would also be a good idea to try to speak to renters directly, they will tend to have a more honest opinion about the neighborhood than homeowners.
To protect your interests when buying real estate, don’t use the seller’s agent. You might think calling the agent’s number on the “for sale” sign would be the easiest thing to do, but that agent works for the seller, and must put the seller’s needs first. To protect yourself, hire a buyer’s agent.
Do not be a victim of buyer’s remorse in your real estate purchase. If the price is not right, the terms are not agreeable or the condition of the home is not to your specifications, you can be left with property that you will always see as inadequate. This is hard to overcome even with time. If you have doubts, do not close the deal.
In buying a home, make sure not to pay extra for something frivolous like a nice view. While you might find it very nice and worth a premium, that may not carry over to the next buyers when it’s time to sell the house. It’s possible for your view to become obstructed, or the next buyers might not value the view, and you may end up lowering your price to the same as the surrounding houses.
When thinking about buying a house, consider the neighborhood. While you may believe that the house is ideal for you, think about important things, such as the proximity to what your family needs: the local school, grocery store, transportation, etc. Also, take time to meet the neighbors before you buy your property. The last thing you want is to move in next to someone that you really don’t get along with.
When looking to purchase a home, do not hire an appraiser who was recommended to you by your agent. Due to a conflict of interest, the appraiser may not be the best person for the job. Instead, find someone with several years of experience and who is state-licensed.
Look at as many different homes as you can. Do not set your sights on just one home. If you have the option of going to an auction for one home or an auction for ten different homes, then choose the auction for ten. It is always best to give yourself more options.
If you are trying to buy or sell a house when the real estate bubble is about to burst, it is next to impossible. Thinking that the real estate bubble will pop is not really true, they tend to deflate and inflate depending on the market. Real estate is always a long-term investment.
During the house hunting phase, always carefully inspect the entire property and the surrounding area. You can take note of any damages and attempt to get the seller to repair as much of these damages as possible. You should monitor the neighborhood and inquire about the crime rate, natural disasters, schools, highways and any other relevant information.
In conclusion, learning details about whatever purchase you make is important. This is especially true for home purchasing; you want to make sure you are well informed on the subject. The above article was made to help you with the process of purchasing. Enjoy your new home with soundness of mind!
Investing your money in anything in this market can be a risky business, and if you’re investing in real estate, your risk has just exponentially increased. Before you decide to put your money in the market as a buyer, make sure you’re fully informed on how to approach the real estate market when buying investment property Sydney. Read this article now
When you are buying real estate, keep in mind that property is not the same as stocks. Many people like to try to make money by buying and reselling properties. Unlike the stock market, a property could end up sitting in your portfolio and not generating the income you had hoped.
When you are looking at buying a home look up the neighborhood for sex offenders. The police are in charge of keeping that list updated. However your agent may be able to help you find that information. Of course if you have children you wouldn’t want to move next door to someone that has a record that involves children.
Private or hard money loans from real estate investors may be your only option if you are planning on flipping a house in today’s real estate market. While they are costly, they are much more lenient in their terms and easier to obtain on short notice, keeping you from having to pass up on a good deal.
If you are looking to purchase a property and quickly flip it for a profit, you need not concern yourself with the location and quality of the neighborhood, as this will have little to no effect if you are simply looking to fix it up and sell the property.
Prospective home buyers should consider purchasing a home with enough garage space to store their vehicles. Well maintained garages not only protect their other major investment, their cars, but also improve the resale value of their homes. A house needs to have at least a two-car garage, but in certain areas of the US, three-car garages have started to become standard.
If you run across a property you like, make sure you do your homework. Do not just concern yourself with the house, but you should also get a feel for the entire neighborhood. Check to see the condition of the neighborhood, see what kind of cars are on the street and how clean it is. Also, check to see how good the schools are in the area.
You’ll know when you’re ready to make a property selection. Generally, your agent can tell also via intuition. They should not steer you though, and you should be able to make your choice without them interfering. It’s not their choice to make. They should point out any problems or defects though and make you feel confident with your decision.
Consider purchasing a vacation home that is not too far away from where you currently reside. This way, you will be able to get the feel of a vacation, without being too far away from home. This works well for people on limited budgets, who have the means to buy some sort of vacation real estate but are unsure if they can spend a lot of money on traveling to get there.
When you are interested in a home that has a flaw, such as an aging roof, do not be afraid to ask the sellers if they would consider fixing it or dropping the selling price as an allowance for you to have it fixed. Many sellers, especially if they’re highly motivated, will accommodate such requests.
Hire a home inspector. A home inspector can tell you what is wrong with the property, what is right with the property and alert you to any immediate problems. Before hiring an inspector though, make sure to do your homework and make sure that the inspector has references and good credentials.
If you are looking to purchase real estate, it is important to do your research on any companies with whom you will be conducting business with. There are many companies who prey on first time home buyers by using predatory lending techniques. Check with the Better Business Bureau before doing any business to insure the company you are dealing with is a reputable one. This will save you headaches in the future.
Check with the local tax office to find out what square footage has been recorded for the home. Any work that has been completed without permits can lead to problems in the future for you. You will be required to make any changes or improvements to bring the work up to code.
Now that you’ve read the article, you have just seen many different tips and tricks that will all help you to make the best decision as a real estate buyer. Being a buyer can be tricky and difficult. Act on what you’ve learned here and you may be able to simplify the process significantly.
The past couple of years have seen the world of real estate change from what we have all been traditionally used to. Back in the day, most people would rent until they could afford to buy the property of their dreams, yet now more and more people are continuing to rent, and instead are looking at buying investment properties instead. It makes sense when you stop to think about it; the dismal economy has seen property prices take a nosedive across the board, and has forced many folks back into the rental market. That means that houses are seriously undervalued, but their rental value is at an all-time high, with competition for those spaces very tight indeed.
Buying first investment property
That has created a very strong buyer’s market, and has many folks looking to dip their toes into the real estate investment pool. It’s not something that should be rushed into with the sight of the first “For Sale” sign that you see, and you’ll want to make sure that your first investment property is not one that you will regret in the long term.
Location of first investment property
That means making the effort to do a little homework about your surrounding area, and finding out why one location is better than another for your first investment property. Your first goal then is to identify a city, or a section of the city, that you believe is going to experience sustained capital growth in the coming years. That location is most likely to be within 5 to 15km of the CBD, and should have a strong infrastructure already in place. That means that there will be plenty of shopping, schools, and public transportation in place, and all of it in an area that is well-established. Sydney is a perfect example of such a city, and with the population expected to increase exponentially in the next decade, it makes for a great investment opportunity.
Rental price of your first investment property
Those neighbourhoods that fit the bill will be very high on the list of prospective renters, but you want to be sure that you set the rental rate at a price that fits the neighbourhood. Doing that means taking a close look at your finances and figuring out what your monthly financial outlay is going to be. You need to make sure that the average rental price for the area is enough to cover all your expenses, so that you are not inflating the rental price of your first investment property just to meet your monthly budget.
First Investment property & property manager
It’s also a good idea to save space in your budget for a property manager. It’s easy to fall in the love with the idea of an investment property, but just as easy to fall back out of it when you realize the amount of time and effort that goes into being a landlord. The relatively small amount that you will have to pay in property management fees is well worth it, and will more than pay for itself over the long haul.
There can be no denying that this is a perfect time to get in on the real estate market, as prices across the board are down, which has created a fantastic buyers’ market. As great as they may be for those looking to do a little real estate investing, it can also be dangerous if you don’t know what you are doing. Those who have tried and failed in real estate have usually made one or more of the most common mistakes that plague investors who haven’t done their due diligence.
Real Estate Investment – big difference
People who have successfully played the stock market will sometimes think that real estate works in a similar way, and will jump right in looking to make some quick money. Real estate investment is a totally different beast than the stock market, and most successful investors actually make their money over a period of years, rather than days. There are the exceptions, and some investors will buy and flip quickly, turning a profit each time. The current market is definitely geared towards a buy and hold strategy, so just because you are a great day trader, doesn’t mean that success will translate to real estate.
Real Estate Investment – understanding
There is a lot to learn when it comes to real estate investment, but very few people actually take the time to understand what’s involved before buying their first investment property. The rush to get in on the excitement of real estate investment can sometimes lead to common sense being thrown out the window, which could lead to money being lost. New investors should take the time to read some books on the subject, or better yet, take a few courses to learn the ins and outs of the investment game.
Real Estate Investment – finances
Money plays a huge part in real estate investment, and there are two sides to the financial coin. The first mistake is using all your money for a down payment, and leaving nothing in reserve. Repairs, taxes, and poor tenants are just a few things that you can easily run into, and if you don’t have cash in reserve to handle those issues, you could be in trouble. That can lead to another mistake, as when investors don’t have that cash reserve, they will overly inflate the rent to try and get cash flow started. All that does is make the place impossible to rent, especially if the price is way above other properties in the area.
A very high percentage of people who take the time to listen to real estate seminars, and learn about the business drop out quickly, simply because they quickly find out that it isn’t a get rich quick scheme. Becoming a successful real estate investor can take years to accomplish, with a ton of hard work involved to get there. It’s the people who understand exactly how real estate investment works that tend to come out on top, so if you are really interested in getting in on the action, then you had better have a high level of patience.
Trying to decide on a property to invest in can be a tough decision, and while many opt to go for a traditional family home, there is a definite trend of folks who are instead looking at investing in an apartment instead. That decision actually makes sense on a number of levels, and the recent tough economic times are only a small part of it. That is usually where it begins though, as economic downturn has made many families think about downsizing, and renting rather than buying.
Investment Apartment Location
Another big appeal is that the majority of apartment buildings tend to be in areas that are close to the CBD, and in neighbourhoods that are already established as far as infrastructure goes. That means that you won’t have to artificially inflate the rent in order to keep up with your investment, assuming of course you want to keep your investment apartment occupied. Often-times the rent will actually be set by the property manager that runs the building, so that you will know in advance what your monthly income will be. That in turn will let you know if the apartment you are interested in will prove to be a profitable venture, once you take into account what your monthly budget is. Perhaps the biggest advantage that apartment buildings have over family homes is that they will come with a slew of amenities for the renters. It’s not uncommon for modern apartment building to have gyms, swimming pools, and saunas, all available to the tenants at no extra cost. That’s a huge selling point for those that want a little bit of luxury where they live, and it could be the deciding factor for someone looking to rent an apartment.
Investment Apartment & Property Management
A good number of those building are operated by property managers, and if you do decide to invest in an apartment, then it’s recommended that you opt for one run by a trusted company. They can take a great deal of the hassle of being a landlord out of your hands, and they will do everything to make sure that your investment apartment is maintained, and marketed in a way that makes it very attractive to potential renters. There are a number of great apartment buildings in the proximity of the Sydney CBD, and when you take into account that the area is expected to experience a great deal of capital growth in the next decade, it may just be time to snap one up.
Apartment living is becoming increasingly popular with those who want a little bit of luxury living in a cool location, and that represents an incredible real estate investment opportunity. If you are seriously considering dipping your toes into the real estate market, then you should really take the time to investigate the awesome potential of apartment investing.
Property Management Fees Sydney
There are a number of factors to take into account before deciding to take your first steps into the world of real estate investing. Far too many people look at the price of the home, the budget that they have for any renovations that may need to take place, and then weigh those against what they can reasonably charge for rent. While that may be a good starting off point, it’s really only scratching the surface of the money you could be on the hook for on a monthly basis. A good deal of the extras has as much to do with time as it does with money, and if you have more than one property, or work a busy full-time job, then both of those factors can begin to take a hefty toll.
Property Management Fees & Investment Property
The smart move is to hire a property management company to take care of your home, but there are many investors who believe that the property management fees associated with doing so would be far too much to warrant such a decision. It’s not until the bills starts adding up that they come to realize that the property management fees paid out may actually end up being a whole lot less, especially if they can team up with a company that does all work essential to the hassle free maintenance of your residence.
A property management team does a lot more than just collect the rent from the people who are living in your investment apartment or property, and it’s all those other areas where you potential savings can start to add up. The key is to find a company that has a great working knowledge of the area where your home is, as that means they will be able to quickly and effectively screen potential renters that they deem to be suitable candidates for that particular neighborhood. That will save you a ton of time answering calls and doing background checks, but the real savings as far as money is concerned, is in the maintenance and repair side of things. That can quickly add up if you have to take care of it out of your own pocket, and that may in fact be the most persuasive argument for going with a property manager.
Real Estate and Property Management Fees
When deciding which property management company to use to look after your real estate investment, you should really look at cost as the last deciding factor. You have to understand that paying less for one company over another may very well mean that you are giving up a lot of the services that other companies offer, and it may end up costing you more in the long run. Most companies will take anywhere from 4%-10% of the monthly rent, plus a leasing fee, and some other various fees, depending on what you sign up for. You can fully expect to pay the equivalent of about 2 months’ rent over the course of a year, but if you find a few good companies in your area, then don’t be afraid to barter when it comes to percentages. The money that you spend to hire a great property management team will pay huge dividends over the long haul.
Property Management Fees Sydney
There are a number of factors to take into account before deciding to take your first steps into the world of real estate investing. Far too many people look at the price of the home, the budget that they have for any renovations that may need to take place, and then weigh those against what they can reasonably charge for rent. While that may be a good starting off point, it’s really only scratching the surface of the money you could be on the hook for on a monthly basis. A good deal of the extras has as much to do with time as it does with money, and if you have more than one property, or work a busy full-time job, then both of those factors can begin to take a hefty toll.
Property Management Fees & Investment Property
The smart move is to hire a property management company to take care of your home, but there are many investors who believe that the property management fees associated with doing so would be far too much to warrant such a decision. It’s not until the bills starts adding up that they come to realize that the property management fees paid out may actually end up being a whole lot less, especially if they can team up with a company that does all work essential to the hassle free maintenance of your residence.
A property management team does a lot more than just collect the rent from the people who are living in your investment apartment or property, and it’s all those other areas where you potential savings can start to add up. The key is to find a company that has a great working knowledge of the area where your home is, as that means they will be able to quickly and effectively screen potential renters that they deem to be suitable candidates for that particular neighborhood. That will save you a ton of time answering calls and doing background checks, but the real savings as far as money is concerned, is in the maintenance and repair side of things. That can quickly add up if you have to take care of it out of your own pocket, and that may in fact be the most persuasive argument for going with a property manager.
Real Estate and Property Management Fees
When deciding which property management company to use to look after your real estate investment, you should really look at cost as the last deciding factor. You have to understand that paying less for one company over another may very well mean that you are giving up a lot of the services that other companies offer, and it may end up costing you more in the long run. Most companies will take anywhere from 4%-10% of the monthly rent, plus a leasing fee, and some other various fees, depending on what you sign up for. You can fully expect to pay the equivalent of about 2 months’ rent over the course of a year, but if you find a few good companies in your area, then don’t be afraid to barter when it comes to percentages. The money that you spend to hire a great property management team will pay huge dividends over the long haul.
Owner of Property Sydney
The recent global economic issues have led to a huge number of home foreclosures, which has in turn led to home prices dropping to all-time lows in some areas. That has created a perfect situation for those interested in real estate investment, or simply buying their first home at a more than reasonable price. One of the best ways to save money, and become owner of residnetial property investment in Sydney in the process, is to look into the possibility of buying a pre foreclosed home. Those are properties that are in the final stages of being repossessed by the bank or lender, with the idea being that the owner can still get payments up to date before the foreclosure goes into effect.
This is an especially effective way for real estate investors to become owner of property in Sydney, as the whole goal of building a property portfolio is to find properties that are seriously undervalued so that you may turn a profit. In most cases, the current owner of property in Sydney simply cannot dig themselves out of the financial hole they are in, which means they are forced to sell the property at greatly reduced rates, if only to get as much of their own initial investment out of the property. That is really only the start of the money you can save by going the pre foreclosure route, and the biggest saving may come in that you don’t need the help of a third party to complete the sale.
Owner of Property win/win situation
When purchasing a pre foreclosed home you get to deal with the seller directly, which means not having to pay exorbitant closing costs to a real estate agent. It also means that you and the seller can reach a mutually agreeable price that will get you an investment property at a great price, while still allowing the owner of property in Sydney to make a modest profit, as well as helping keep their credit level at a reasonable rate. It’s a win/win situation for both parties, and one that everyone can walk away from feeling somewhat good about.
Owner of Property doesn’t wait!
Most people choose to wait until a home has foreclosed before going after it, but by finding those in pre foreclosure, you have the best chance of getting a great price and saving a ton of money. You will find listing for pre foreclosures in all the usual places where you would find other homes for sale. The internet especially has become a great source for finding these deals, and once you have tracked down a property that fits your bill, it’s time to get to work in trying to secure a price that fits your budget and you can buy investment property.
Once you become owner of property in Sydney, it’s up to you to decide what you want to do with it. The smart move would be to hold onto the home and use it as a rental property, where the mortgage will basically be paid by someone else. That allows you to repeat the process as often as you wish, and is perhaps the quickest way to build up your real estate investment portfolio. If you do decide to continue buying, then another smart choice would be to hire a reputable property management company who will help you rent and maintain your entire real estate empire.
Owner of Property Sydney
The recent global economic issues have led to a huge number of home foreclosures, which has in turn led to home prices dropping to all-time lows in some areas. That has created a perfect situation for those interested in real estate investment, or simply buying their first home at a more than reasonable price. One of the best ways to save money, and become owner of residnetial property investment in Sydney in the process, is to look into the possibility of buying a pre foreclosed home. Those are properties that are in the final stages of being repossessed by the bank or lender, with the idea being that the owner can still get payments up to date before the foreclosure goes into effect.
This is an especially effective way for real estate investors to become owner of property in Sydney, as the whole goal of building a property portfolio is to find properties that are seriously undervalued so that you may turn a profit. In most cases, the current owner of property in Sydney simply cannot dig themselves out of the financial hole they are in, which means they are forced to sell the property at greatly reduced rates, if only to get as much of their own initial investment out of the property. That is really only the start of the money you can save by going the pre foreclosure route, and the biggest saving may come in that you don’t need the help of a third party to complete the sale.
Owner of Property win/win situation
When purchasing a pre foreclosed home you get to deal with the seller directly, which means not having to pay exorbitant closing costs to a real estate agent. It also means that you and the seller can reach a mutually agreeable price that will get you an investment property at a great price, while still allowing the owner of property in Sydney to make a modest profit, as well as helping keep their credit level at a reasonable rate. It’s a win/win situation for both parties, and one that everyone can walk away from feeling somewhat good about.
Owner of Property doesn’t wait!
Most people choose to wait until a home has foreclosed before going after it, but by finding those in pre foreclosure, you have the best chance of getting a great price and saving a ton of money. You will find listing for pre foreclosures in all the usual places where you would find other homes for sale. The internet especially has become a great source for finding these deals, and once you have tracked down a property that fits your bill, it’s time to get to work in trying to secure a price that fits your budget and you can buy investment property.
Once you become owner of property in Sydney, it’s up to you to decide what you want to do with it. The smart move would be to hold onto the home and use it as a rental property, where the mortgage will basically be paid by someone else. That allows you to repeat the process as often as you wish, and is perhaps the quickest way to build up your real estate investment portfolio. If you do decide to continue buying, then another smart choice would be to hire a reputable property management company who will help you rent and maintain your entire real estate empire.
Real Estate Pyrmont | The successful management of strata titled building is a key factor in owning a profitable residential real estate investment. This factor is often overlooked by many investors. Several large scale apartment buildings in Sydney, built by one of Australia’s largest builders, recently highlighted this unfortunate circumstance with the management and associated strata problems being experienced. In some of the worst cases the body corporate has been declared bankrupt which, often results in owners have to contribute to the repairs of the building. This can seriously effect the long-term returns to investors. All buildings eventually require repairs and this is a certainty of investing in a strata tiled property however, the aim is to minimise any extra cost which may be incurred, over the lifetime of the property. Most city apartment buildings have experienced strata repair problems at one time or another however; in most cases it is resolved successfully and at minimum costs. Often the competency of the members of the strata committee have direct effect on the outcome and costs associated with building running and repairs. Building repairs cannot be ignored as they will only become more costly later to rectify. A pro-active body corporate, in the maintenance of the building, is usually the most cost effective process. Purchase price, location and presentation are the key factors in investing in real estate however, without the management of the building being closely & efficiently administered a strata titled real estate investment can return less than expected. Upon purchase an investment property usually your solicitor will conduct the standard searches and checks on the strata of building. Don’t be alarmed at minor repair and maintenance issues as this is normal with most buildings. Out of interest, in all Oaks Group managed buildings, The Oaks Group plays an active professional roll in the competent day to day running the buildings. This insures minimum extra costs to owners will maintaining high investor returns. For complete details contact sales office.
Real Estate Pyrmont | The successful management of strata titled building is a key factor in owning a profitable residential real estate investment. This factor is often overlooked by many investors. Several large scale apartment buildings in Sydney, built by one of Australia’s largest builders, recently highlighted this unfortunate circumstance with the management and associated strata problems being experienced. In some of the worst cases the body corporate has been declared bankrupt which, often results in owners have to contribute to the repairs of the building. This can seriously effect the long-term returns to investors.
All buildings eventually require repairs and this is a certainty of investing in a strata tiled property however, the aim is to minimise any extra cost which may be incurred, over the lifetime of the property. Most city apartment buildings have experienced strata repair problems at one time or another however; in most cases it is resolved successfully and at minimum costs. Often the competency of the members of the strata committee have direct effect on the outcome and costs associated with building running and repairs. Building repairs cannot be ignored as they will only become more costly later to rectify. A pro-active body corporate, in the maintenance of the building, is usually the most cost effective process.
Purchase price, location and presentation are the key factors in investing in real estate however, without the management of the building being closely & efficiently administered a strata titled real estate investment can return less than expected. Upon purchase an investment property usually your solicitor will conduct the standard searches and checks on the strata of building. Don’t be alarmed at minor repair and maintenance issues as this is normal with most buildings.
Out of interest, in all Oaks Group managed buildings, The Oaks Group plays an active professional roll in the competent day to day running the buildings. This insures minimum extra costs to owners will maintaining high investor returns. For complete details contact sales office.
The State Government has just introduced changes to the existing 1st home buyers assistance scheme. From 1st January 2012 there will no longer be stamp duty concession on existing properties, only brand new dwellings. There use to be a full concession on stamp duty, on properties up to $500,000 (and partial concession up to $600,000) on all properties however, now it will only apply to new homes. The NSW Government have tightened the assistance scheme in a bid to spur building activity.
Part of the NSW coalition government’s 2011-12 budget, it will see stamp-duty exemptions restricted to newly built and “off the plan” homes: seen as a measure to stimulate the building industry. It is expected this reform will boost the new housing supply, which is needed in the Sydney region.
It looks like from now until 1st January next year there will be a scramble on for those who are considering a purchase. Often, with 1st home buyers, this exception in stamp duty, which saved them thousands of dollars on their purchase, was the difference between being able to buy their first home or not. Most industry commentators are saying the axing of stamp-duty concessions for existing homes is unlikely to have any long-lasting effect on housing prices.
The Home Builders’ Bonus for over-55s who buy a newly built home costing up to $600,000 has also been extended so they are exempt from paying stamp duty until July 1, 2012.
If you are considering purchasing your first property then we would suggest acting now and buy before the end of the year to gain the maximum benefit.
Besides the obvious plus of a great location, an apartment can also remove much of the time consuming hassles that come with owning a house. There is no need to spend the majority of your weekend doing yard work, and any repair issues that may arise will all be quickly taken care of if you are in a building that is maintained by a professional property management team. That is another reason that makes a city apartment such an appealing prospect for someone looking to land an investment property, as being the landlord of a house can mean taking care of all that stuff alone.
It’s not everyone who can afford to buy investment property Sydney, and many of those people are actually just looking to rent while they try to save money for that first big home purchase.
When you consider all the things that those potential renters will be looking for, you will quickly realize that it almost perfectly mirrors what an investor looks for in a prime piece of real estate. Most aspiring investors tend to look for a residence that is in a high growth area that has already established itself as a solid neighborhood. Sydney has a number of those locations, and with the amount of new people moving into the city in the coming years expected to hit as many as 1 million, the demand for rental spots is going to climb along with it.
Whatever the reason for your interest in Sydney property, you are probably wondering where to live and what sort of property would best suit your needs. Many will look at getting into a new home on the outskirts of the city, and while many new neighbourhoods are going up to accommodate the influx of new citizens, it may not represent your best buying option. Sure, the houses will be all shiny and new, but the infrastructure surrounding them may take upwards of 10 years to be fully in place. That’s an awful long time to wait for all the amenities that people in other parts of the city take for granted.
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One of the first things that a person wanting to buy 
There is a lot to learn when it comes to real estate investment, but very few people actually take the time to understand what’s involved before buying their 
Another big appeal is that the majority of apartment buildings tend to be in areas that are close to the CBD, and in neighbourhoods that are already established as far as infrastructure goes. That means that you won’t have to artificially inflate the rent in order to keep up with your investment, assuming of course you want to keep your 
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