Your consultant will take you through a 7 step process to ensure that, if investing in residential property is appropriate for your situation, you purchase the property for the best price.
Step 1 – Your Plan
Obtain personalised strategic advice to determine whether investing in residential property fits your wealth creation goals.
Step 2 – Mortgage Advice
Structure a mortgage solution to suit your long term goals and obtain pre-approval of finance at the most competitive rate.
Step 3 – Property Market Research
We conduct continuous research on Australia’s residential property markets with our property searcher’s reviewing every suitable property coming onto the market.
Step 4 – Property Selection
We provide you with a recommendation when an appropriate property has been identified and provide all the information you require
Step 5 – Price Negotiation
An essential element to success is to ensure you pay the right price for a property, or know when to walk away.
Step 6 – Ongoing Strategic Advice
We can provide ongoing strategic advice to maximise the return of your investment and ensure the right professionals are taking care of you.
Step 7 – Property Management
Following acquisition, it is important to ensure your asset is well looked after and generates the maximum possible income. Elite Wealth Creators can help find you professional property management services to ensure your property is placed only in the care of highest quality managers.
Why invest in property
Why consider investing in property?
Property can play an important role in your overall investment portfolio by providing added diversification, as generally, property provides a lower level of investment risk than other asset classes such as shares.
Advantages of investing in property?
Property is generally considered a secure long term asset class with lower volatility than shares.
Property can provide investors with potential capital growth from rising property values, regular income from rental returns and tax advantages.
What are the risks of investing in property?
As with any investment, you need to consider the risks involved.
For property, these may include:
- Significant purchase costs, legal costs, stamp duty, property inspection fees and loan establishment fees.
- Costs of holding the investment such as maintenance, rates, body corporate fees and insurance.
- Expected rental returns may not meet your expectations.The value of the property may decline in certain market conditions.
- Lower liquidity than other assess classes such as shares as it can take time to sell a property, which may be a problem if you need quick access to your money.
“It’s important to remember, however, that property is considered a longer term investment with the potential for a steady income stream through rental returns and capital appreciation over the longer term.”
Why Use Elite Wealth Creators?
Like all investments it pays to do your homework before you take the plunge into property.
This can take time and sometimes be extremely confusing if you’re not sure what you are looking for or the information is not freely available.
The shortage of rental properties, combined with rising prices in some markets, means that if you chose the right property and keep a close eye on your investment you can reap the rewards. We have an experienced property team that can help show you how real estate works, spot trends and locate great investments at the right price.
Property is usually a long term strategy
The housing market is generally a 7-10 year cycle; there are always highs, lows and steady patches. You need to make sure you are confortable with how much you borrow and what your financial goals are. Plan ahead – you may find a long term tenant or you may find your tenants come and go. It is important to have a sufficient cash flow that can cover outgoings and the mortgage while the property is empty.
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