Today's investment property tip - brought to you by the Homefree Team.
AVOID RURAL, SMALL &/OR MINING TOWNS/OFF THE PLAN PURCHASAES/SMSF/CITY APARTMENTS/HOUSE & VACANT LAND - UNREGISTERED
Rental returns may be higher in some areas, however, should a major business/employer close (i.e. Ford in Geelong) you may very quickly find your property vacant, limited prospective tenants and property values on the decline!
Australians spent the most money ever buying property last year despite higher-for-longer interest rates and high house prices.
Last Investment property tip for the week from Homefree Mortgages.
The property market typically slows during the winter months, with activity picking up again at the start of spring.
A professional valuation incorporates specific property details for full peace of mind.
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