Wednesday night we were fortunate enough to have Steve, Jock, Johnno and Christine from Portfolio Management join us for an information evening on the state of the investment property market.

For those that missed it, the main themes to come out of the presentation were:

  • Over the long term property can provide a great return on your investment
  • Population growth is a key indicator to look at when selecting an investment property as there is a correlation with demand for property in that area
  • When looking to purchase residential property look at suburbs in high population growth areas with:
    • Established infrastructure e.g. roads, good transport links, hospitals, schools, shops etc
    • Where there is limited potential for more land to become available
  • The value of the land is important, look at properties where you can buy below replacement value e.g. if the house burnt down it should cost more to rebuild than it was worth
  • The purchase of existing dwelling is preferable to buying new or off the plan propertiesGeelong_House
  • Don’t be afraid to add value – often a bit of a makeover can add significant long term value
  • It is getting harder to find good value in capital cities like Sydney, Melbourne and Brisbane so be selective
  • Be prepared to look further a field to find the right mix of yield and capital growth, for instance presently parts of Geelong appear to present good value
  • Record low interest rates could be here for a while making it easier to get started
  • There is a trend toward investors using SMSF (Self Managed Super Funds) as an investment vehicle to get into both residential and commercial property

The team at Portfolio Management can help with:

  • Selection based on your criteria or from investment properties they have already researched and are ready to purchase for the right buyer
  • Expert advice
  • Screening of potential tenants
  • Property inspections and more…

To get started please contact your accountant at Watts Price Accountants to discuss just how Portfolio Management can assist you reach your investment property goals.

Contact Details:

Ph: 03 5382 3001
E: mail@wattsprice.com.au