A client has been offered an opportunity to buy an investment property below market rates from a friend. She’s brought the deal to us for our advice. She wants to know if the deal will stand up as a good long-term investment. She also wants to know what to do about the tenant. The deal has been ...
Within walking distance of what?
What features should you look for in a suburb when looking for an investment property? Every potential tenant is different, with different preferences. We’ve noticed, though, that the following are high on most peoples’ lists. Transport. Not everyone can afford to live a block away from work or ...
9 tips for buying your first investment property
1. Come talk to Majestic Property. Seriously, we can help you through the whole process – from choosing selection criteria through to exchanging keys. If you want to go it alone, though, the following are our key hints. 2. Research. Do your homework. There are a range of factors to research, ...
Median house prices
The median house price is often quoted in the media to give a sense of what house prices in a particular area are doing. But what is the median price and how much attention should we pay to it? The median price is the middle price of properties sold in an area over a specific period of time. So, ...
Established or planned infrastructure
When we look to buy a house for ourselves, we usually look for houses that are in well-established suburbs, close to schools (if we have kids), close to shopping facilities, including supermarkets, malls, and petrol stations. We look at transport links, recreation opportunities and green space. We ...
Spring’s here – time for a clean!
Spring cleaning’s not just for around home – it’s also a great time for landlords to take stock and organise some property maintenance. Keeping up regular maintenance can help prevent bigger problems, and bigger costs, further down the line. Here’s 10 tips or maintain your ...
A beautiful spot in the country?
A client has asked us about a potential investment she’s found in a small rural Victorian town. On paper, the yields look great – certainly more than she would get for her $325,000 in Melbourne. The place has such beautiful views that she’s decided she wants to buy and rent it out in the medium ...
What do Residential Vacancy Rates mean to you?
Property investors have a lot to think about when planning a purchase. For example, investors need to consider: their Loan to Value Ratio (LVR) the price of the property percentage return location whether to buy and hold or renovate and sell. At Majestic, we believe that another important ...
What capital growth rate should I aim for?
Capital growth is the key to achieving long term wealth and security in property investment. How do you know if a property is going to give you the capital gains you’re after? Aim for at least 7.5% per annum We recommend looking in an area that has traditionally had an annual capital growth rate ...
Negotiate a win
Our Majestic Property clients have our support through the whole purchasing process – from property selection to settlement and beyond (assisting in finding quality tenants / property managers and helping to continually grow their portfolio). For those that prefer to go it alone, here are our hints ...
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