Monthly Archives: June 2019

Benefits of investing in out-of-state properties

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Investing money in real estate is tempting for those who are ready to take a risk and go quick rich. Lucrative offers of real estate property investment encourage them to spend their money in property business. Experts know the importance of ‘Location’ in real estate. A property at good location generates positive cash flow. Location indicates – amenities, neighbourhood, infrastructure, city, state, country and more.

The question arises where you have invested in order to generate positive cash flow. Well, some distance away from the place you live can also help you to gain profits. For this, you must take advice from local property valuers nsw as they know the story behind every property located in their state which you might not aware of.

Here we are sharing the advantages of investing in the real estate property business –

Affordable – The benefit of investing in real estate is affordability. It might possible your state property market is already touching the high prices and you can’t afford to buy an investment property there. But don’t get upset by buying the property interstate or out-of-state, this would help to earn money via real estate property investment. Before investing research well about the area where property prices are down but will rise in future. Making an investment in such places could help you in earning profits.

A place for you – If you buy a property in another state you got a place to go and stay there. Even you can put that property on short-term rental business with companies like Airbnb, Trip Advisor etc. to generate rental income. You can buy a vacation home in other state and where tourist visits a lot. Thus you can have a vacation home for yourself and for the rest of the year, you can generate a good rental income from it.

Newmarket brings better opportunities – New state means a new area, new property market i.e new opportunities. It may have happened to you that your current place property market is saturated for you. But the new place, the new state could bring new properties, new deals, new options for you, which can help you in making more money out of real estate property business.

Earn more – If you would invest in the location or the state which possesses great opportunities, have various properties option and growth in the real estate market then a chance of earning good amount of money increases. Because it might happen your state would not grant you great options but you can get good properties in another area or other state which helps you to earn good rental income or selling price.     

Newmarket gives new options and opportunities for real estate investor. Though investor should hire a property valuer nsw for property valuations nsw. As they know the actual market value of the property correctly.

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Qualities a good rental property possess

large residential property valuations sydney

To get into the real estate property business is a tough decision and problems will increase when you are naive. Investing in real estate property needs money, knowledge of the property world and decision making power. Before buying an investment property one should look at the qualities of it. How much rental income it can produce? Also, one should take advice from the property valuers NSWto know the actual value of it. Here in this blog post, we are sharing the qualities a rental property should possess.

  1. Generates positive cash flow – A person should buy a rental property which generates the good rental income. Then the question arises – determine the gross and net rental yield of the property it will help you to determine the rental property will provide positive cash flow or negative cash flow. If the property is with negative cash flow means property income is less than expenditure it has.   
  2. One Percent Rule – If the property’s rental income is one per cent or more than the actual market value of the property than it is considered as good rental property. Otherwise better not to buy such rental property. Though this is not written anywhere by most of the investors, agents used to follow this rule religiously.
  3. Nice location – A good rental property means the property is at a good location. As we know the property is all about ‘LOCATION’. A good rental property is located in a growing market which means infrastructure development, arrives of new companies, more jobs, more facilities overall more and more people get interested in the property. Which means it will be easy for you to find the tenants for property in such location.
  4. Low vacancy rate – The sign of good rental property is – it’s vacancy rate is low. Buy the investment property whose – demand should be high, supply should be low in the area and more and more tenants want to get the property on rent. This is the positive sign for an investor. An investor should invest the money in such properties. This helps to keep your property occupied.
  5. Needs low maintenance – It’s an owner responsibility to take care of an Investment property. An investor should buy a well maintained and properly constructed property thus it demands less maintenance and it is easy to do take care of it. Otherwise buying a property which demands more maintenance than it will affect profit margins and later turn into negative cash flow property.

One should take care of these qualities to make property investment business a profitable one. In order to earn more profit one should ask a property valuers nsw before finalising the deal. They know about property market well which property to buy or which not to.

For best property valuation services contact property valuations nsw. we have a team of an expert and experienced property valuers.