But while shares can move like a yo-yo, Australia’s property markets are far more stable and this is appealing to investors seeking a relative safe haven for their hard earned dollars.
For those who are keen to secure an investment property in 2020, here are a few tips courtesy of Property Update.
- Interest rates are as low as they’ve been in living memory, and they might get lower. Couple this with fierce competition amongst lenders and you can snag yourself a super cheap interest rate on your investment loan.
- Our cities might look empty while everyone does the right thing to stay home, but don’t be fooled. Australia’s population is growing and long-term trends suggest people will continue to gravitate towards our big capital cities, including Brisbane, Sydney and Melbourne. So investing in sought after properties in middle ring and inner suburbs is generally considered a sound approach.
- Consider the emerging influence of eco-friendly living on your property investment choice. Increasingly tenants will want to live near public transport to avoid congestion and fuel costs. They’ll also appreciate saving money on electricity and gas bills if your property is energy efficient or has solar panels.
- It’s easy to get caught up in the excitement of finding a property, but make sure you get the boring stuff right including the right finance option, building and pest inspections and lots of local market research.
Getting ready to start your investment journey? Contact us for a chat.
