How to Start Investing in Property
It’s never too early to start acquiring property. If you’re in your 20s, it’s the perfect time to begin assessing the right kind of investments for building long-term wealth.
As long as population numbers continue to rise – and they show no sign of slowing – the demand for property will continue to grow; particularly in cities, where schools, jobs and social amenities are easy to access.
Queensland continues to outperform in the real estate market, delivering high rental yields and excellent capital growth. The first step is to look for a property investment consultant who understands the Gold Coast market.
But even before determining the best investment channels, you need to get your finances in order and gain a clearer understanding of what it’s going to take to service a loan and how you’re going to do it.
Taking the First Steps
Saving a deposit for your first investment property is the most difficult part for many when starting their journey to independence and wealth creation.
With the capital saved from your first property, it is being demonstrated to both the lender and yourself that you are responsible and capable of saving, and are therefore more likely to be able to service a loan.
Commit to saving your nest egg and you’ll grow your property portfolio faster over time.
Learn from the Experts
There’s no silver bullet when it comes to property investment, but it does take time to understand the pinnacles and the pitfalls. Take your time to attend seminars and workshops, and talk to people who you trust and respect. The more you know about what you’re getting into, the fewer mistakes you’ll make.
When you do make a mistake, think of it as a learning experience.
Enjoy Investing in Property
Property investment isn’t for everyone. If you like the thrill and excitement of a horse race, then the stock market might be more your speed. However, if you want to minimise your risk and build capital steadily over time, investing in property can reap rewards that over-perform on corporate growth.
Property investment requires a passion for and knowledge of the market, both on a local level and in a broader context. It will also require you to regularly check mortgage rates to ensure you’re getting the best deal.
You’ll need a team to help you realise your goals, so their value will also need some scrutiny over time.
Get the Best Advice in Property Investment Services
The best investment advice will come from an experienced and knowledgeable consultant who can point you to satisfied investors and ongoing relationships.
Contact Astute Investments when you’re ready for expert advice on property investment.