Buying investment properties in Australia

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Buying investment properties in Australia

Just like everywhere else in the world there are good times to buy and great times to buy, but in Australia there is never really a bad time when it comes to buying an investment property. Although there can often be a quiet time in the market, property won’t disappear like other investments and providing you do not over commit you will nearly always have a solid investment. It is just a matter of deciding what you want and then doing your homework as to the best areas for your chosen project.

Just like everywhere else in the world there are good times to buy and great times to buy, but in Australia there is never really a bad time when it comes to buying an investment property. Although there can often be a quiet time in the market, property won't disappear like other investments and providing you do not over commit you will nearly always have a solid investment. It is just a matter of deciding what you want and then doing your homework as to the best areas for your chosen project.

When thinking of investing in property in Australia there are different ways to invest. You can buy commercial property such as factory sites, offices or buildings used for retail outlets. Another option is to buy a unit or flat ranging from a studio apartment to one having 3 bedrooms. These units can range considerably in price depending on size and position but are usually easily tenanted and bring good rents.

Alternatively, you could buy a duplex (semi-detached house) or a freestanding house. Again these range in size from a one bedroom cottage to the more common 3 plus bedroom home being the most common. Another good way of buying an investment property in Australia is to buy a property that is need of renovation. You can often buy these properties at very reasonable rates and by doing some of the work yourself, can increase the market values of the property considerably.

Rental properties are always in high demand and buying a property to rent out has many benefits not only in paying your monthly mortgage payment but also in the many tax benefits gained from having an investment property. These properties can be positively geared or negatively geared depending on how you wish to set up and how much money you put into the property initially. Speaking to your accountant about your particular circumstances as well as the real estate agents will help guide you which way to go. Subscribe to magazines, read local papers and get a feel for an area before taking the final step.

Depending on the types of property you have in mind, it is wise to do quite a bit of research especially if you are not familiar with the area. If research isn't for you, you can always engage an experienced buyers agent like Rosie & Rosie, that knows the market you are interested in and can provide in-depth advise about property prices, market trends and future growth areas. We can also give you a good idea regarding any outgoings associated with properties such as rates, strata levies and water rates in the area.

At Rosie & Rosie, our approach to investing is a prudent and proven method, based on many years of experience and advice from Australia’s leading industry professionals.

For further details, contact Rosie & Rosie at http://rosieandrosie.com.au/contact/ 

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BONUS: Have your property managed by Rosie & Rosie and receive a $450 voucher to put towards the maintenance of your investment. Conditions apply.