In­vest­ing in Prop­erty – Where Should I Be­gin?

Broome Advertiser - - Property -

Pre­pare your­self with as much in­for­ma­tion on the Broome mar­ket and in­vest­ing in prop­erty as you can. Many web­sites ex­ist with good cal­cu­la­tors, blogs and mar­ket re­ports all of which you can find from your lo­cal ex­perts, First Na­tional Real Es­tate Broome at www. broome­ It’s a good idea to speak with your lo­cal Agent and dis­cuss your spe­cific prop­erty goals and fi­nan­cial sit­u­a­tion. It doesn't hurt to also ask the ad­vice of fam­ily and friends who have had suc­cess in­vest­ing in prop­erty. The more in­formed you are, the bet­ter choices you will make. The Sales Team at First Na­tional Real Es­tate Broome are al­ways happy to help with any of your prop­erty en­quiries. They can be con­tacted by phone (08) 9192 2000 or email info@broome­ It is also a great idea to have your fi­nances in or­der and know how much your bank is pre­pared to lend you. Have a clear strat­egy on how your prop­erty in­vest­ment will fit in with your cur­rent fi­nances and other in­vest­ments. For ex­am­ple a pos­i­tively geared or neg­a­tively geared prop­erty and how it will af­fect your over­all po­si­tion. The team at North West Fi­nance are a great place to start when con­sid­er­ing your op­tions as they of­fer ac­cess to all the banks and can ad­vise what will suit your re­quire­ments best. Reg­is­ter on­line to have North West Fi­nance contact you (takes less than 1 minute) www.broome­ au/buy-real-es­tate/buy­ing Be­fore you make your de­ci­sion on which prop­erty to buy as­sess whether the in­vest­ment will be easy to rent and pop­u­lar among buy­ers when you de­cide to re­sell. It is also im­por­tant to take into con­sid­er­a­tion not only the stamp duty and set­tle­ment agent fees but also rates, levies, man­age­ment fees and on­go­ing main­te­nance. The num­bers need to add up for your in­vest­ment to work for you. The Depart­ment Man­ager of the Prop­erty Man­age­ment Team at First Na­tional, Char­maine Snow said “we are still leas­ing ap­prox­i­mately 30 prop­er­ties a month. If a prop­erty is pre­sented well, in a good area and priced cor­rectly there is no rea­son it should sit va­cant.” If you would like to find out if a prop­erty would ap­peal to the rental mar­ket contact Char­maine by email char­maine@ broome­ Lastly the team at First Na­tional Real Es­tate Broome sug­gest you con­sider the age of the prop­erty and whether it might be due for some sig­nif­i­cant main­te­nance. When do­ing your cal­cu­la­tions en­sure you re­mem­ber land­lord pro­tec­tion in­sur­ance, air con­di­tioner main­te­nance and prop­erty im­prove­ments to keep at­tract­ing a qual­ity ten­ant. If you would like to know more about how to be­gin your in­vest­ment jour­ney you can contact the team at First Na­tional by: Email info@broome­ Phone (08) 9192 2000 Face­book di­rect mes­sage face­­na­tion­al­realestate­b­roome/

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