Tips to secure a great investment

 Investing in property for the first time? Or have you already started yourinvestment property empire?

Whilst it pays to keep abreast of the current thought patterns on whether it is a buyer’s/seller’s market, whether it is a great time to invest or where the next hotspot is it does at times all get ratherconfusing!

If you are investing to make money in the long term then as John McGrath, CEO, McGrath Estate Agents says, “while yield is important, the serious windfall comes when you identify a hyper-growth area through solid research, observation andcalculated risk.”

Some tips for this include: 

• Look for a median priced property within a 10km –15km radius of a major CBD, university or city beach in areas that are not currently popular or show signs of growth. 

• Look for areas that have a community feel with lots of activities and places to go (or that are close to areas like these). • Don’t be afraid to get into debt. Use the equity in one property to kick start your next property purchase. 

• Get expert advice. 

• Do not get emotional as you will always find another house you like justas much..