Investment: The Name Of The Game
One of the first things you may notice when you start to consider investing in property is that compared to buying your own house it’s a whole different ballgame!
And not just because you’ll be faced with a new world of investment loans - you’ll also have a different set of goalposts.
Your number one aim will most likely be to ensure a good return on your investment.
Though this may be at the back of your mind when you are buying a property to live in yourself, there are many other factors which come into play in that situation.
When buying an investment property however, the aim of the game is to do as well out of your purchase as you can!
What does this mean? Well it probably means you are going to get to know some new terms very well.
Pay attention now! Terms like capital growth, rental yield, vacancy rates and negative gearing.
You’ll also likely want to start paying more attention to market trends. Where are the investment hotspots in your area?
Keep on the lookout for information on population increases, rental market capacity figures and demand for housing.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.