In a world where generic real estate queries are just one Google search away, it’s nice to know that there are still people out there who can give you personalised real estate investment advice.
Before buying any property, you need to be well-informed about your personal options. Your financial capacity, the property’s investment potential, among others.
I’ve listed five essential people you should seek advice from before making a property investment:
When talking about the requires a lot of strategic planning.
A lot of potential property investors fall prey to under planning and fail at the venture. Some people tend to see buying and selling a property as a get rich quick scheme, only to find out later how much strategy and work is involved in making it work.
While there is no such thing as a hundred percent risk-free investment, there are ways to make sure that you can have an advantage in the market.
In an article for the website Property Observer, senior research analyst Cameron Kusher writes about the current housing situation in Sydney and Melbourne.
We all know that property values have been going up Australia-wide for almost five years. We also all know that nowhere have homes been selling as quickly as in Sydney and Melbourne.
But there is another factor that really demonstrates the incredible housing market dynamics in Sydney and Melbourne.
Investing in property in Australia, specifically in Sydney can be quite tricky as the real estate market down under has been doing so well for the past decades.
People wonder if it’s a good idea to put their money in properties because after so much growth there has to come a bursting bubble, right?
But, with the strong economy and low base interest rates (1.5%), investing in Australia real estate may still be good move for increasing your overall wealth and financial portfolio.
Here’s why:
Most people go into property auctions hoping for a once in a lifetime bargain. Given the high level of competition for premium homes in Sydney, often the opposite is the case. So it pays to properly prepare for a property auction.
Property auctions are carried out under a set of strict rules that you will have to understand beforehand, among other things.
Here are some critical elements that you must be aware of before you start bidding.
The Property Observer featured a recent report from UBS Wealth Management, stating that Sydney is at the risk of a “housing bubble.”
“Housing bubble risk zones” are cities in which property prices within that zone have increased by 50 per cent on average since 2011. There’s been a risk of the bubble popping since the 1970s because of the real estate boom in Australia, and it continues to overheat to this day.
What could be the possible scenarios for Sydney?
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