6 Tips For First Time Property Investors

The Australian property market has proven to be highly resilient. In Australia, most property is sold ‘Freehold’, which means that when you purchase a property, you also purchase the land on which the property stands. Even when you purchase an apartment, you still own a portion of the land.
Another type of ownership is called Leasehold. It is not as common in residential real estate in Australia, and it is where a lease is granted to live and use a piece of land. Typically it is for an extended period, such as 50 years.
There is more to investing than just purchasing a block of land. Every city and suburb has unique factors contributing to supply and demand. So it is vital to understand who is living in the area, what makes them stay for the long term, and the average rental yield and vacancy rates.
Investing is a big decision, so do your research and only move ahead with an investment in a market that you have researched and are familiar with. For interstate or overseas purchases, you may consider even hiring a buyer’s agent to work independently for you.
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