Why should you build your investment property? We Do the Heavy Lifting When you build your investment property through Prospa Property Advisory, we take all the heavy lifting out of the build process. This means you get all the benefits of a new property, without any of the additional stress. In addition, every property we… Read more
Why should you build your investment property? Work with Quality Builders At Prospa Property Advisory, we see many clients who have had negative experience with builders in the past. At Prospa, we have an extensive selection process to allow builders to become part of our panel. These are trusted builders with proven success. We also… Read more
Why should you build your investment property? Tenants love new property Building your investment property means you will start off your investment journey with a modern, brand-new property. When it comes to competing in the market, tenants favour brand new property to established properties, and your property will have a cut above the rest.
Why should you build your investment property? Creating the Right Property Building a brand new property allows you to create a property that includes the features that appeal to the future tenants you will have in the property. For example, if you are in an area that is popular with families with young children,… Read more
Where Should My Investment Property be Located? Avoid Bad Neighbourhoods Neighbourhoods with unsavoury reputations are good areas to avoid. Generally, while you may find a low-priced property, and return comparably high rental yields, the capital growth potential is low, and maintaining reliable, long-term tenants may become an issue. Looking in areas with stronger demographics will… Read more
Where Should My Investment Property be Located? Avoid Poor Neighbourhood aesthetics Any investment property needs to be appealing the tenant to live in. The look and feel of the location, as well as the community and crime rates will have an impact on the overall performance of the property, how rentable to property is, and… Read more
Where Should My Investment Property be Located? Avoid Poor Infrastructure Localised issues can have a large impact on the performance of your property. Things like large overhead power lines can have an impact not only on your tenants health, but also the way the bank views your property, and the likelihood of you getting a… Read more
Where Should My Investment Property be Located? Avoid single Industry Locations Single industry locations, in particular mining or defence towns, are risky investments. This is due to the potential for the employment hub – whether this be a mine of defence force base – to close down. This will diminish the rental pool, causing your… Read more
Where Should My Investment Property be Located? Avoid Small Towns Small towns with less than 100,000 residents within a 20km radius, and a lack of population growth, are not recommended as areas to invest in property. A smaller population means a smaller rental pool, and less demand for purchase should you need to sell your… Read more