So you are looking for your next investment property, one that will strengthen your portfolio. I care for my portfolio and I bet you are no different. The idea is to make a fool-proof purchase, one that holds you in good stead in the long run. Part of your Due Diligence lies in asking the right questions to the right people. I recommend these 7 must-ask question before you venture knee-deep into buying investment property.
Cherie Barber, Director of Renovating for Profit talks about renovation in a scientific light. In an article for the Property Observer, Jennifer Duke illustrates the 8-point approach of Barber.
In an article I read on The Advisor, I found that in 20 years to come Sydney may need 100,000 more homes than previously predicted. This vindicates my conviction that 50,000 (stipulated some time ago) was a really conservative figure.
Mid-sized, medium to high density dwellings are likely to be ideal investments today. Investing in Mcmansions may not be a sound idea anymore, says George Raptis in an article for the Property Update.
I can’t say I am unhappy with the prevailing interest rates. I will have to be out of my mind to crib. However, I think I know the market enough not to be overjoyed either. For long, I have been thinking about a cash rate reversal (for me, the hike might come sooner than expected). Michael Yardney, in an ever so engaging article on the Property Update, talks about a possible hike as early as 2014.
I was going through an article on careerdare.com. Jessica Young was pointing out to me 4 rules which high achievers follow without fail. Let me quickly capture them for you.
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