Twenty years ago, it was generally accepted that the value of all real estate ended up increasing. However, this turned out to be wrong; To make a profit in real estate in 2019, a strategic selection and a clean plan are essential to your success.
For example, in a city like Sydney, downtown homes will almost always be a good investment.
"All major Australian cities have a circle of heritage properties within a radius of 15 km, characterized by strong capital growth," confirms John Kovacs, managing director of nmddata.com.au. ]
But properties like this are not always expensive. In the port city, these types of housing will be associated with a seven-digit price tag – and rental income could only cover half of the mortgage repayments.
So, how are you looking for affordable and quality real estate opportunities, to be able to move forward in the real estate game?
As clichéd as it may seem, it all starts with the location. You may not be able to afford the city center, but there are pockets you need in every suburb.
"We have all heard it in a commercial sense, but the location, the location, the location, are essential. The property must be well located, close to schools, shops, transportation and recreational facilities, "says Kovacs.
"The leafy, quiet suburbs or houses with ocean views and near parks and gardens are the perfect setting."
He also recommends that investors look for growth corridors, areas in which the government spends money on infrastructure, roads, schools and public transit.
"The correlation between new infrastructure and real estate prices is a proven method and generates steady capital growth," he said.
"Also, do not be afraid to look outside your state to invest in the property. It's a great way to diversify your investment portfolio and track market trends and real estate cycles across the country. "
For the full story, read the full story in the February 2019 edition of Your Investment Property. Available at Coles News Agencies and Supermarkets from January 10th to February 14th or download the magazine now.
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