Searching for that perfect first investment property can be incredibly exciting. If you’re currently in the market, building an investment property deposit or just keen to know more about what it takes, we’re to help you understand what’s involved.
With the right investment approach, those dreams of financial freedom and long-term wealth can become reality.
The team at Secoya have put together 5 things you absolutely have to consider before buying your first property.
1 Understanding how to find the hottest deals in the best locations
You’ll need to identify up-and-coming locations for capital growth and properties with high rental yield. Ideally, you also want access to exclusive deals unavailable to the general public.
2 Knowing how to access the best finance for your personal situation
Find out your borrowing power and identify suitable properties for your situation. Do you have much equity in your own home? What is your family income? How much superannuation do you you have?
3 Investigating any tax breaks or savings you may be eligible for
Are you paying too much tax? Can you reduce your tax through property investment? There are a number of ways in which you can maximise tax breaks.
4 Gaining assistance from a professional solicitor to ensure a smooth process
Finding an experienced solicitor to assist you is important to ensure that your interests are protected, and your obligations fulfilled.
5 Finding a trusted team of property experts with a strong track record
When you learn to swim, would you achieve better results having an Olympian or your amateur parent as your coach? Finding a true expert will deliver better results to your investment journey.
You can create wealth and financial freedom with a smart property investment strategy from Secoya.
How are we different to other property investment companies?
Firstly, we’re all investors ourselves who quite often invest in the very same projects we offer clients. This shows that we practice what we preach, and are happy to invest in the same projects with our own money.
Secondly, because we work closely with leading developers across Australia, we can assess projects ahead of time, ensuring our clients are only offered the best apartments, townhouses and land packages.
Finally, we live and breathe property. We have over 50 years combined experience and understand the right approach to maximise growth while avoiding common investment mistakes.
By choosing Secoya as your investment partner, you can begin to build a powerful property portfolio and secure your future.