Investing in property is becoming even more popular, with more and more people jumping into the market to take advantage of low interest rates.
Here are 8 Key factors to consider before getting into the market
- Determine what is your end goal is- financial freedom, securing extra funds or to live in the property eventually
- Buy a property below its intrinsic value in an area with a long history of strong capital growth
- Buy a property that will continuously be in strong demand, either as a rental or owner occupied.
- You will miss out on capital growth if you buy new or Off The Plan.
- Buy property in suburbs that have always outperformed the averages or properties that have been redeveloped/renovated
- Know how much you can afford to spend and repay
- Always seek expert advice
- Never stop researching the market so that you can capitalize on the best opportunities.
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