Property Way’s Eight Essential Questions for Every Successful Investor

Whether you’re an experienced investor or you’re just starting out, having the backing of professional support and expert advice will help steer your journey to success.

Melbourne-based property investment company, Property Way have a proven track record of helping our clients plan and manage successful investment strategies and achieve the great rewards that come with it.

Whether you’re looking to pay off your mortgage sooner, retire earlier or simply plan for a safer financial future, here are our eight essential questions that every successful investor needs to know.

1. Why invest in property?

Everyone wants a more secure financial future, but for most of us, we can’t achieve this on wages alone. Executed properly, property has proven to be one of the best ways to achieve your financial goals.

2. Can I afford to invest in property?

There’s an investment strategy to fit most people’s financial circumstances. Generally speaking, if you can afford to part with around $80 per week and have a cash deposit or equity in an existing property of $40,000, you are in a position to invest.

3. When is the best time to invest in property?

The best time to invest is when ‘you’ are ready to invest. Rather than listen to market speculation, we base our strategies on facts. There is always a market prime for investment. We help our clients understand their financial profile, capacity and make a move only when the time is right for them.

4. How do I pick the right areas to buy in?

Selecting the right area requires a combination of science and market knowledge. By examining factors including supply and demand, current and shifting demographics, price point, yields and in-demand property styles, you will determine whether buying in a specific location is going to be a good investment.

5. What type of property should I invest in?

Choosing the right type of property to invest in requires careful consideration of land content, demographic suitability, location, pricing and yield. Picking the right one for you, is about matching market conditions and research with your own investment strategy and financial circumstances. All property types will perform if bought correctly.

6. What are the biggest mistakes people make?

There are a few things to be aware of including not paying over market value for your property, buying property you can’t afford to hold and being swayed by flashy marketing material. To make sure you avoid these and other mistakes, it helps to have professional advice and support.

7. What are the kind of properties to avoid?

There are certain property types to avoid for a number of reasons including demand, desirability, poor appreciation values and volatile or fluctuating markets. Mining towns, student accommodation, serviced apartments and large ‘off the plan’ projects, should all be avoided.

8. How do I get started?

The best way to get started is to make an appointment to spend some time with a property investment professional. With just some basic info on your current financial situation, aims, goals and motivations, your path towards investment success will become a lot clearer.

Source: Property Way