If you are looking at buying an investment property; then have a talk to the real estate professionals first. They can help you with your investment potential by making sure you invest in the right areas. Some areas will fetch a higher rent then others so it pays to check around. http://www.icpm.com.au/property_management_maribyrnong_shire.php

1. A Good Time for Buying an Investment Property
According to the Victorian Real Estate body REIV, inner Melbourne rent prices have greatly
increased. Rentals have increased by up to 10.2% with Armadale, Glen Iris and Kew being
the biggest movers in rentals. In Kew, the rentals are up by almost 10% and 10.2% in
Armadale and Glen Iris. Other areas such as Fitzroy, Essendon, Brunswick, Fairfield and
Monee Ponds are also high rental areas with an increase of 9%. Real Estate Melbourne’s
West is the fastest growing investment property area and results in a slower rate of rental
dollar increase. However, the option to buy in inner Melbourne is not an option for most
smaller investors.
Some of the things to consider when buying an investment property are the suburb and
what the current rental market is in those areas. Investment property is booming at the
moment and with rentals going up and housing prices relatively steady, it is hard to go
wrong.
You can access all the statistics for each area from our local property management
Footscray or property management Werribee professionals. This information will help you
get a better idea of what area to buy in to increase your rental potential. Investment
property is a fantastic way to secure a great financial future.
If you are looking to buy an investment property, then it pays to take your time to look
around for a property that will increase your rental potential. Make sure you buy in the right
areas! Looking into the amount of rents that are being paid in the area and what facilities
are available will also give you some insight as to what rental price can be charged. The
design of a property will also greatly affect rental price. Always aim for two bathrooms if you
have three or more bedroom for example.
If you have a talk to our Property management Braybrook professionals about what the
rental potential is on each property, then they can give you the key information you need to
make an informed decision. The higher the rental potential, the better you will be financially,
especially if you have taken out a loan for that property or have pre-approval from the
bank.
There are many ways you can get the statistics for rental incomes in different areas but it is
always best to talk to the professionals who are in that market every day. They will be able
to keep you up with all the statistics on the areas you are looking to invest in and give you
insights into what areas you will gain the best rental income.
http://www.icpm.com.au/property_management_maribyrnong_shire.php