Sell with Confidence
Read More
News

TIPS FOR CHOOSING AN INVESTMENT PROPERTY…

Every property investor would love to have a crystal ball and be able to buy in an area before it becomes ‘up and coming’, in order to buy cheaply and reap the benefits of a subsequent increase in property prices.

There are certain indications that a suburb may boom, but none of them are set in stone and you can never be sure.

OUR HOT SPOT GUIDE

Check the area for the following:

  • Does demand (for whatever reason) exceed or apparently exceed supply
  • Is the area’s increase in price significantly greater, than the region as a whole
  • Does the area have low prices, which are expected to rise in the near future
  • Are neighbouring areas experiencing good capital growth
  • Are there positive developments happening in the area (e.g. a new railway, shopping centre or an arterial road to the city) that will impact positively on capital gains

Prior to purchasing an investment property, it is highly recommended that you do your homework and seek professional advice.

  • Check sales of similar properties in the area
  • Check with your financial advisor/bank to see if you can afford the property
  • Check with your solicitor to ensure that any extensions or additions were approved at the time of construction
  • Engage the services of a building and pest inspector to professionally inspect the property
  • Speak with neighbours to find out about crime levels, noise levels, pollution, industry smells, public housing developments, flooding or drainage problems

Reference: PPM Group

Up to Date

Latest News

  • Local News: October 2020

    STAGE ONE RENEWABLE ENERGY PARK OPENING Port Augusta City Council Chief Executive Officer John Banks and Mayor Brett Benbow attended the official opening and turning of the sod for Stage 1 of Iberdrola’s Port Augusta Renewable Energy Park this morning, with official proceedings conducted by the State Premier Mr. Steven … Read more

    Read Full Post

  • Local News: September 2020

    $100M NINE STOREY RESORT Whyalla’s tourism industry is set to be supercharged through the construction of a $100m nine-storey resort on the city’s foreshore. The project, which is yet to be approved, would include about 180 hotel rooms, 44 luxury apartments, food and beverage outlets, conference facilities and a large … Read more

    Read Full Post