Best Investment Properties for Sale across Melbourne

Location is a key factor and a driver of growth when it comes to any kind of investment property. A residential property that you want to invest in should be near schools, parks, and with good connectivity to the main arterial roads and highways. It should also be in a peaceful neighbourhood to attract tenants. A commercial property should be in an approved zone with a large number of offices or shops and high footfall to help you get a higher rental.

You can invest in a range of properties to diversify your investment portfolio. This could range from residential, commercial property, warehouse, industrial shed, townhouse, and farmland. The residential property gets you a comparatively lower rental and is a safe investment. While a commercial property has higher rental but is more expensive to buy and maintain, with the council and other taxes on the higher side.

Another important factor in buying an investment property is when you buy it. A good property financial advisor will suggest to you when to buy a particular property. This ensures that you do not pay a premium over & above the market value of a property. You can also make a good profit by buying when the market is down. If you plan to exit or sell the property after only a few years of holding, then also timing is a crucial factor.

As an informed and smart investor, you need to consider the rental income before buying an investment property. If the cost of buying, holding the property and yearly taxes is lower than the rental yield then it can turn out to be a negative investment. Discuss with your property financial adviser the rental income outlook and scenario before you invest in real estate, whether commercial or residential.

Property is a long-term investment that yields good income over longer periods. Consider the property appreciation in 10-20 years before you invest in property. Many a time, the loss of static or low rental is more or less made up with tax breaks and an overall increase in the value of the property. A good property investment company guides and help you take a long-term view based on historical data and future projections.

A new property attracts more tenants, requires little cost in maintenance but attracts higher property & council taxes and is expensive to buy. The existing property has several benefits like lower investment cost to buy, lower taxes but slightly higher maintenance. If its location is good, it is bound to attract tenants. A knowledgeable and experienced property financial adviser shares the pros and cons of every type of property to help you make an informed decision.

Another important factor that helps you decide on the best place to buy investment property is the connectivity and infrastructure. A place with good connectivity and infrastructure attracts more tenants and get you a better rental income each month and vice versa. It also has a major impact, both long-term and short-term, on the value of the property and its market price.