1. Buying your own home is an just as long as you satisfy a the weighting of strata fees,
emotional experience. You few key criteria in the process. land taxes, rates and location.
have a firm idea of the area
Diversify to spread the risk Location. Of course.
and the features you want,
In the very first stage, you can Don’t think you need to invest
but really, when it comes
consider investing in a unit if near to where you live. Sure it
down to it, your final you already have a house, and might feel safe, but
decision will be based on vice versa. If you have a remember, you need to
whether it’s ‘the one’. number of properties already, remove emotion from this
On the other hand, building a look at the balance in the exercise. According to The
property portfolio requires your portfolio and what you want in Eureka Report, an investment
utmost dedication to the path of the new property. This will property should be between 2
logic. If you have ever watched take into account growth vs and 12 kilometres from the
that British show on Foxtel - income, and of course CBD of a major capital city to
Property Ladder - you will know always >>
that investors are prone to
making a mess of things the
minute they fall in love with the
investment property, or even
worse, see its ‘potential’.
Building a property portfolio will
always be one of the most
enriching and exciting ways to
secure your financial future,
2. << benefit from high These considerations will help
demand, high land values and you attract quality tenants and
growth. secure a longer lease.
Protect yourself Make a plan and stick to it
We discussed in a previous Just like any business venture,
issue that Australians are one a property investment carries
of the most underinsured opportunity and risk. The most
nations in the developed successful investors always
world. That doesn’t just relate document their objectives,
to Landlord Insurance. Income financial projections, timelines
Dayna Gilland (Savannah
protection is a must, and it is and contingency plans so it is
Gilland above)
Reception/PA so easy to incorporate in your much harder to get swept
superannuation that you would away by emotional bias. And
Claim to fame
have to be mad not to make the really clever ones give
Gel girl! Being a family
business, you understand? this a mandatory part of your their plan to a trusted friend
financial strategy. or adviser and have them
Me challenge any decisions that
Have a passion for my career Think about the tenants
might be heading off track.
and value my family After all, you are buying a
property for other people to This is really just the
My favourite restaurant
live in, so have it clear in your beginning of this topic but
Crowne Plaza (Pelican Waters
head exactly what kind of we hope you find these
caloundra)
people you want to live there. tips helpful. Please don’t
What I love about the Ocean Build a picture around possible hesitate to contact us if
Instant feel of relaxation you would like more
professions, transport needs,
relaxation detailed advice on building
number of tenants and
your portfolio.
features of the property.
ECO TIP
DID YOU Buy a small
KNOW? composting bin for
Kissing at the conclusion the garden – contrary to
of a wedding ceremony popular opinion they don’t
can be traced to ancient smell and the food
Roman tradition where wastage breaks down to
a kiss was used to provide fantastic
sign contract. gardening material.
3. HOT SITES LINDA SAYS… KEEP IT STYLISH
How long has it been since you Appliances
looked at the furnishings in Along with the instant design
your investment property? It’s refresh that comes with an
no secret that décor will update to a stainless steel
determine the type of tenants dishwasher or oven,
and the rental return you can technological advances have
achieve, so it is a good idea to brought us the washer/drier
assess furnishings every couple combo. By going the extra step
of years. and giving tenants everything
they need in one spot, you can
This month I’ll run through a
maximise on space and provide
few ideas for keeping your
a convenience that many
property on trend without
tenants will happily pay a little
breaking the bank.
extra for.
Window furnishings
If you give your investment a
While vertical drapes and
Savings Guide Australia bit of TLC with a quick and
venetians were popular ten
is one site that definitely has budget friendly makeover,
years ago, they can make a
something for everyone! It is you might just be surprised
property look tired and dated
full of articles, tips, and tools at the results.
now. Sheer fabrics are the
to help you save money on
curtain of choice for property
everything from credit cards
stylists these days - not only
and loans to general spending
are they neutral, they highlight
and shopping.
an outside view and can make
Don’t miss the Budget Planner a room look larger.
either - it’s a ready made
Another idea to consider is
spreadsheet that will take the
installing wooden blinds. They
pain and procrastination out of
offer a modern look without
your finances.
raising the budget through the
savingsguide.com.au roof and you can get them in
budgetspreadsheet.com.au stores like Target, Kmart,
Ikea and Freedom just to
name a few.
LJ Gilland Real Estate Pty Ltd 4 Budgeree Street, Zillmere 4034 Queensland linda@ljgrealestate.com.au
Whilst every effort has been to ensure the accuracy and completeness of the information, no guarantee
is given nor responsibility taken by LJ Gilland Real Estate Pty Ltd nor apmashere.