The key to stress free property investing
Promoted by Quest
The fact that housing is an essential commodity – everyone needs a roof over their heads – makes investing in property less volatile than other investment options. Although it may not be as liquid as shares that can be traded relatively effortlessly, you will always find a buyer for your property investment should you ever need to sell up.
For these reasons and many more, real estate is a “no brainer” when it comes to creating long-term financial stability for the majority of Australian investors. It is a forgiving commodity that suits people from all walks of life and socio-economic backgrounds and doesn’t require a business degree to ensure financial success.
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Choosing the right property to invest in comes down to an individual’s financial status, skill set, availability and what level of day to day involvement an investor wants to have. If you are looking for a low stress investment option consider the following.
Know what type of investor you are
The first step is understanding what type of investor you are and having a very clear picture of your investment goals. Know what your objectives are and find a property that fits your goals. If you are after a low maintenance property, look at an investment that reduces the ongoing pressure of managing tenants and maintenance.
Have a financial goal
“Fail to plan and you plan to fail.” Whilst our plans don’t always come to fruition exactly the way we want, they do provide some guide as we journey through life. Our plans should be based on our goals and objectives – What do you want to accomplish? Where do you want to be in five, ten, twenty years time? Establishing solid, attainable goals as a property investor is what sets apart those who succeed from those who dabble and end up derailed because they’ve no idea how to get to their destination.
Find the right location
Investors can often struggle over finding the right location - Which areas are in a bubble? Which areas offer long term stability? This can be one of the most challenging elements of finding the right investment property. Potential investors should learn as much as they can about an area and select one based on insights into the future and areas that offer longer term stability.
Focus on cash flow
A key element for successful investing is ensuring you have a consistent and reliable cash flow. No-one wants a long term vacancy on a rental property and it can impact greatly on the overall profitability of an investment. Check rental vacancies within an area and understand the benefits or limitations of each location. Alternatively, seek out an investment option with a guaranteed rental income.
The value of good tenants
An investment property’s value is essentially measured by its ability to generate an income. So, finding and keeping good tenants is obviously a high priority for investors. Difficult tenants can cause serious damage and extreme stress for a property owner. Repair costs, unpaid rent and even refusal to leave the property, can be extremely stressful and take a long time to resolve even if you have a property manager. Spend the time to find the right tenants, do background checks and be sure to know your rights and responsibilities.
Quest Properties - The low-risk, low hassle, steady return option
For investors looking for a stress free, low risk and minimal hassle investment, investing with Quest Properties could be the answer. Did you know that the sale of Quest Apartments as secure investments has been going since Quest began operating in the late 1980s? Quest Apartments have over 5,000 strata titled apartments owned by private investors in more than 150 locations in both regional and metropolitan areas across Australia and New Zealand. Quest Properties offer attractive accommodation options for the corporate or leisure traveller with their accessibility to business hubs, public transportation and a diverse mix of professional and recreational attractions.
Low maintenance doesn’t mean low returns. With an income return from 6.5 per cent on gross rental, fixed annual rental increases and the security of a long term lease, you can be confident that your Quest Property investment is always working for you. And because you receive rental earnings 365 days per year, regardless of vacancies, you also benefit from the security and peace of mind that comes with a reliable income stream.
Quest offers full property maintenance services and no management fees. Body corporate administration fees and building insurance costs are covered, the replacement of furniture and fittings is fully managed by Quest and unlike residential investment properties, Quest Apartments are inspected daily.
Whether you’re looking to invest, exploring the various benefits or would like an update on all our property news, simply register your interest and we’ll tell you everything you need to know.
Comments powered by CComment