Investing is a choice many people make at one point or another. Whilst there are many investment alternatives such as stocks, bonds and cash, property investment tends to be highly favourable among Australians as they are deemed an ‘easier’ and more secured option.
However, as with any investments – business or personal – there are always pros and cons that you need to consider. Using an Investment Calculator Tool you can determine how much is needed and whether you can afford to partake in property investment. These free online calculators give you a rough indication of where you sit financially, and helps you manage your savings and expenses to set you on the path of investing. But to get a more accurate appraisal, always consult a professional.
A lot of the time, people put off property investment as they feel that they “cannot afford to do it” – but with clever planning and good guidance, most of us have the capacity to build our own property portfolio. This writer for Your Investment Property magazine hit the nail right on the head in this article five most common fears of prospective investors, and how to address them. And sometimes that’s all it is – fear.
Ask any seasoned property investors what their secret to success is, and most of them will tell you the same thing:
Do your research.
Assess your financial situation and risk level.
Take the plunge.
There are plenty of great resources out there, and we’ve narrowed down to top 3 websites for helpful property investment tips and resources:
Once you’re prepared to take the first step in building your property portfolio, come and have a chat with one of our One Agency South team members. We have a full time business development manager who can discuss any of your property management needs and explain our service in more detail.