Unfortunately, it's time-consuming to have to learn about something new - particularly when it's something as complex as the property market. Just as well there are already providers specialising in real estate investment who can help you make the right decisions and save you time.
From positive gearing to growth areas, you need to have a handle on the fundamentals of how the market works. Some people choose to simply devour all of the free information available online, while others go to free seminars. Be aware that in many cases, the information you're after will only be available at the cost of a large fee. Alternatively, you can receive a free property investment plan from DPN by filling out the form below, that outlines the various costs involved, as well as your personal property options.
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There are a number of sources from whom you can get financial information:
A mortgage broker can help you secure the right home loan option
An accountant can give you tax advice
A financial planner can work out where property investment fits in your broader financial strategy and goals
Property research and selection
Buyers agents, as well as real estate agencies and developers can all do the leg work for you in finding a property that will see its value significantly appreciate. These industry experts can make capital growth predictions, and look at rental yields, infrastructure and sustainable population growth in major cities. Organisations like Residex and realestate.com.au also have useful data, though not necessarily for free.
When you're ready to buy the property, there are key providers to help the process go smoothly: Solicitors will help you prepare the legal documents and the sales contract, and advise you about legal matters Quantity surveyors will complete a depreciation schedule for your property, to aid you in obtaining tax deductions Insurance brokers can get you the most beneficial insurance policies for your house and contents
Once you've bought the home, there's still the matter of looking after your purchase. A property manager can take care of all the time-consuming effort that goes into it, from screening tenants to collecting the rent. An accountant can also help advise you on matters of tax variation and depreciation. Select your services providers carefully, taking into account experience, past results, costs and reviews. Bear in mind, too, that DPN can offer much of this process for free.