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Frequently asked questions investors should know the answer to.
Many investors look for property to offset their income tax, to have a long term asset, they like dabbling in real estate or they want to secure their child’s financial future.
Tenants seek out the same features in properties as buyers do: visually enticing, well-maintained, functional, close to amenities, transport and schools.
Many investors choose not to engage a property manager for their investment property, thinking once a tenant is under a tenancy agreement the asset will handle itself.
Banks have had to cancel some preapprovals for investors, which were issued before the recent change to loan-to-value restrictions.
The Reserve Bank’s new investor-targeted LVR rules come into effect on 1 October, but there are solutions to the restrictions for investors willing to think laterally.
Your best investment opportunity might not be right on your doorstep, yet travelling inter-island to inspect a property will eat away at your savings. So, is buying sight unseen a wise decision?