Investing in Property – Where Should I Begin?
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. broomerealestate.com.au 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 firstname.lastname@example.org 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.broomerealestate.com. 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@ broomerealestate.com.au 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 email@example.com Phone (08) 9192 2000 Facebook direct message facebook.com/firstnationalrealestatebroome/