[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|desktop” admin_label=”Section_2_Text Left:” _builder_version=”3.22″ background_color=”#f7f7f7″ custom_padding_tablet=”50px|0|50px|0″ custom_padding_phone=”” transparent_background=”off” padding_mobile=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”on”][et_pb_row column_padding_mobile=”off” custom_padding_last_edited=”on|phone” admin_label=”Row” _builder_version=”4.0.11″ background_color=”#ffffff” background_size=”initial” background_position=”top_left” background_repeat=”repeat” max_width=”768px” custom_margin=”|auto||auto|false|false” custom_padding=”60px|60px|60px|60px” custom_padding_tablet=”” custom_padding_phone=”40px|20px|40px|20px|false|false” make_fullwidth=”off” use_custom_width=”on” width_unit=”on” custom_width_px=”768px”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_post_title categories=”off” comments=”off” disabled_on=”off|off|off” admin_label=”Which Property Type Should I Choose? ” _builder_version=”3.0.87″ title_text_color=”#00afff” title_font_size=”36px” meta_text_color=”#95989a” background_color=”rgba(255,255,255,0)” parallax=”on” parallax_method=”off” custom_margin=”||40px|” title_font_size_tablet=”” title_font_size_phone=”28px” title_font_size_last_edited=”on|phone” parallax_effect=”on” module_bg_color=”rgba(255,255,255,0)” use_border_color=”off” border_color=”#ffffff” border_style=”solid”][\/et_pb_post_title][et_pb_text admin_label=”Text_B:” _builder_version=”4.0.11″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n
Property is an amazing asset that can grow your wealth over the long term. However, it\u2019s vital that you invest in the right properties, because making a mistake can cost you big time.\u00a0<\/span><\/p>\n It\u2019s like when you play Monopoly.\u00a0<\/span><\/p>\n Let’s be honest… No one ever really wins Monopoly with Old Kent Road.\u00a0<\/span><\/p>\n Those brown-coloured cards provide you with only a small amount of rent and even when developed, return almost the lowest ‘income’ on the board. In my opinion, they may as well be ‘Free Parking’.\u00a0<\/span><\/p>\n When I play Monopoly (yes… I do) I like to buy up the yellow, green and dark blue suburbs.\u00a0<\/span><\/p>\n \n Why?<\/span><\/p>\n \n It’s really quite simple. They command a higher rent which goes up proportionally to each new home you place on them. While they cost more initially to invest in, these are the places you need to own to win.\u00a0<\/span><\/p>\n \n This analogy runs true with property investing. To win, you must invest in quality.\u00a0<\/span><\/p>\n \n So here are 7 tips to help you find the best property investment.\u00a0<\/span><\/p>\n <\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_H3: ” _builder_version=”4.0.11″ header_font=”Open Sans||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all”]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” _builder_version=”4.0.11″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”5px|||||” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n Capital growth will be the number one reason you succeed or don\u2019t in property investment. Look for areas where the population and the economy is growing. This is why hubs such as the CBD have grown so much over the years.\u00a0<\/span><\/p>\n \n [\/et_pb_text][et_pb_text admin_label=”Text_H3: ” _builder_version=”4.0.11″ header_font=”Open Sans||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all”]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” _builder_version=”4.0.11″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n There are some \u2018experts\u2019 out there who think you shouldn\u2019t look at rental yield. However this just simply isn\u2019t right. You need a property that won\u2019t be hugely expensive to hold. If your property is close to providing you with net positive cashflow, then holding on to the property even during a downturn will be easier. At the end of the day, the aim of property investment is to fund your life, so you can work less. Finding a property with a good rental yield will help do this.\u00a0<\/span><\/p>\n \n [\/et_pb_text][et_pb_text admin_label=”Text_H3: ” _builder_version=”4.0.11″ header_font=”Open Sans||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all”]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” _builder_version=”4.0.11″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n A market with low vacancy rates indicates that the area is hotly contested. There\u2019s plenty of research sites you can look at the vacancy rates for a suburb. You can also ask different real estate agents when doing your research. Find a property that you can be confident will be rented out 99% of the time.\u00a0<\/span><\/p>\n \n [\/et_pb_text][et_pb_text admin_label=”Text_H3: ” _builder_version=”4.0.11″ header_font=”Open Sans||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all”]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” _builder_version=”4.0.11″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n Research the different infrastructure projects planned for the future. You can do this by going on a local government website. A large construction such as a hospital or shopping centre means there will be a big employment boost in the area. This results in more renters and higher demand. \u00a0<\/span><\/p>\n \n [\/et_pb_text][et_pb_text admin_label=”Text_H3: ” _builder_version=”4.0.11″ header_font=”Open Sans||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all”]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” _builder_version=”4.0.11″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n1. Look for areas with high growth<\/h2>\n
2. Rental yield is important<\/h2>\n
3. Look at vacancy rates<\/h2>\n
4. Research infrastructure projects<\/h2>\n
5. Know what tenants want<\/h2>\n