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Investing in real estate is a business decision and should be business in nature. Considerations you would usually make for a property you intend to occupy, such as what suits your lifestyle should not hold as much weight as when considering a rental that will reach your investment goals. Always make sure that you are investing in real estate that is tenant and growth friendly – that is, close to infrastructure such as schools, transport and shops, and in an area which is growing in terms of industry and employer bases.
When investing in real estate, the benefits of properties such as units or townhouses should be seriously considered. Changing demographics and a lack of inner-city land is seeing people move away from your traditional house and land to apartments and townhomes, which are more affordable and closer to core CBD infrastructure offering a better lifestyle choice.
With projected property deficits in Australia, units and townhouses in the right locations can create strong capital return, and with the current market undersupply we are seeing vacancy rates tighten and returns increase. When investing in real estate, there are always specifics you need to consider, and in the case of townhouses and units, there are small but significant signs that can ensure a better return on your investment.
A property manager is a great way for people with busy lifestyles to ensure their real estate is looked after and maintained. A good property manager will treat your capital investment in real estate as a business, aligning it with a strategic plan of tenancy, reviews, maintenance and more to ensure you achieve maximum return in the long run.
Securing, and keeping, good tenants is also an important part of getting the most out of your investment in real estate. Keeping good tenants comes down to good management, and finding a property manager that understands the market – they know when to push and when to hold back. Investing in real estate can prove a great way to achieve your long term financial goals. Choosing the right investment real estate property for tenantability, as well as the right property manager and tenants, are some of the most effective ways to keep your investment safe and minimise risks.back to top