The property boom of recent years and the continued popularity of renovation shows like The Block, fuel the dream to buy property for renovating, and selling at a profit.
Investment purchases such as this can be prosperous when property prices are surging, but often, we at Search Find Invest, are asked, “Is this still a viable option in today’s market?” And the answer is, it can be.
Read more: Are renovation opportunities still viable in Sydney?
More is lost by indecision, than poor decision.
I have never met someone who has bought a blue-chip property years ago and now regrets it. The only regret they usually have, is that they didn’t start sooner and buy earlier, when they had the opportunity.
Read more: How to Overcome Procrastination in Property Investing
With talk the ‘Property Boom’ is over, and concerns that rising interest rates could make property even less affordable, property buyers we are currently talking to daily, are all asking the same types of questions;
If you purchased your investment property after 9 May 2017, or plan on buying in the future, new depreciation laws will affect you.
Read more: How do new 2017 depreciation laws affect your investment property?
When author and cultural commentator Mark Roeder moved into a run-down Federation house on Bondi Junction’s southern border in the mid 1980s, he was immediately struck by how secluded the area felt.
Read more: Queens Park Property: How changing market conditions affect property prices