Passionate about property investment as a vehicle to build wealth, Lloyd enjoys sharing his deep industry knowledge to help people become financially independent.
Without a doubt, 2020 brought unexpected challenges for many people. However, the great news is that now's the perfect time to capitalise on the lowest interest rates in history. Plus, many property markets are set to experience solid growth.
DPN Director, Lloyd Thomas, brings over 20 years of experience in successful property investment to help you get ready to take advantage of today’s opportunities.
1. Why 2021 is the right time to invest in property
The best time to invest in property is always as soon as you possibly can. This holds true for 2021, with interest rates at generational lows and lenders hungry to service loans. Rental demand is huge in all of the regions we operate in, which means rents are increasing and vacancy rates are at all-time lows. In addition, data shows that many property markets are set for significant growth.
2. The benefits and advantages of having a clear strategy
Many people rely on a ‘hope strategy’, in terms of hoping that investments will grow in value, make money and produce enough income to retire on. However, you need a strategic approach to achieve financial independence. A strategy evaluates your current position and develops a long-term framework for success, with financial modelling, cash flow analysis and hand-selected property opportunities.
3. Getting your finances working harder for you
You work hard for your money, but does it work for you? Most people don’t realise what they can do, today. For example, is your home an asset or a liability? It’s important to get a home loan health check to understand what your equity power is.
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A positive income property influences your borrowing capacity in order to leverage to invest. When you produce an income from your property, it makes a difference to your serviceability and new income streams create opportunities for further investments.
4. Identifying the very best property options with research
Understanding the importance of location is crucial to your property investment strategy. Look for areas with consistent population growth and sustainable infrastructure. Narrowing it down to suburbs in major cities, research those with forecast growth over 4% per annum.
The next step is identifying which demographic is going to rent in the location, in terms of how much they can afford to pay. Median priced property has broad appeal for tenants and buyers. Furthermore, land appreciation adds to capital growth and new properties enjoy tax benefits.
In summary, the four key ingredients for choosing a property are:
The ability to generate a higher return
Located in a high growth area supported by population and employment
5. Why having an expert team on your side is a winning approach
The process of property investment often attracts opinions from friends and family, leading to unnecessary confusion. While you’re paralysed with indecision, waiting just another year might cost you thousands. The solution is to surround yourself with qualified and experienced people to help you navigate and make informed decisions.
The experts you’ll need on your team include:
With information about your personal circumstances, your expert team devise a property investment strategy to establish the right structures from the beginning. This eliminates the risk of you becoming overwhelmed with the steps required. Best of all, you'll have all the information and research required to take advantage of today's opportunities.
Moving into 2021 and beyond, ongoing property and portfolio management ensures you stay on the right track to financial independence.
This information is provided by DPN Pty Ltd ABN: 94 630 700 186, Australian Credit Licence 514759. DPN Finance Pty Ltd is an authorised credit representative 504129 and a related entity of DPN Pty Ltd. Casa Capace Operations Pty Ltd ABN: 79 624 981 184, NDIS provider Number 4050038018 trading as Casa Capace.