Powered by MOMENTUM MEDIA
buying
1 minute read

Are you ticking the right boxes with your property investment?

Are you ticking the right boxes with your property investment?

by Reporter | July 15, 2019 | 1 minute read

Many investors make the wrong assumptions about what they should and should not be considering before they part with their cash, according to this buyer’s agent.

Simon Pressley
Simon Pressley
by Reporter
July 15, 2019

For Simon Pressley of Propertyology, debates and advice about Australian real estate markets have always been “littered” with generalisations and shallow knowledge levels. 

This particularly applies to common elements of property advice, like the checklist, which every investor should consider before entering into a new purchase. 

In this market, Mr Pressley sees that buyers are glossing over potential capital growth opportunities, because an area or a property doesn’t fit a classic checklist of expectations, including proximity to a central business district. 

“Right here, right now, one of the strongest property markets in all of Australia is the inland regional Victorian city of Mildura,” Mr Pressley said. 

“But only those who remove the blinkers will stand a chance of knowing that,” he said. 

Mr Pressley pointed out that Mildura’s 7.8 per cent increase in median house price over the last 12 months has surpassed all the nation’s capitals. 

Properties in Mildura have a strong chance of positive cash flow also, with an average rental yield of 6.1 per cent. 

[email protected] 

Are you ticking the right boxes with your property investment?
Simon Pressley
spi logo
share the article

Subscribe to get the latest news and updates - join a community of over 80,000 property investors.

Check this box to receive podcast updates

From the web

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.