How We Can Help You When Buying An Investment | Luxepm Geelong

How We Can Help You When Buying An Investment

How We Can Help You When Buying An Investment

How We Can Help You When Buying An Investment

If you’re thinking about buying an investment property in the next 12 months, there are 4

things you’ll want to check before making a purchase.


Number 1 – Property Type

If you’re happy to be responsible for all aspects of maintenance at your investment

property, you’ll probably love buying a free-standing house.

But if you prefer to contribute in smaller amounts to wider, shared maintenance, you

might love owning a unit or townhouse.


Number 2 – Location

Become familiar with the area you’re looking to purchase in. If you’re not local, you can

work with a buyer’s agent or your local property management team (like us!) to help you

select an ideal location for your next investment property.


Number 3 – Vacancy Rates

Get to know the average vacancy rates in the area you’re looking to buy. Speak with an

expert property manager to get exact data on how long properties are sitting empty for,

so you know what to expect before you make a purchase. We can help you with this data,

once you know the location you’re looking in.


Number 4 – Rental Yield

Knowing exactly what return on your investment is going to be is key to making a good

investment decision. Before you even make an offer, speak with an independent property

manager (like us!) to get a second opinion on rental returns so that you can confidently

calculate your rental yield.


It’s exciting to prepare to buy an investment property. So be sure to reach out to our

property management team if you need help along the way!

Not happy with your current property manager?

Before you hire a new property manager, download our free guide on The 5 Key Questions to Ask a Property Manager BEFORE You Appoint them to Manage your Investment Property.