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6 things you need to know about investing in property

ByTim Marsh

From Mark Armstrong at Property Observer:

Investor demand continued to grow in the latter stages of 2013 with the value of loans for investors jumping by 8.2% in October. That equates to $10.3 billion, the highest level on record. This increase is resulting in strength in the property market and will entice more investors back to the market. Investors traditionally want to ensure they get the timing right and do not want to be left behind. This means most investors will make their move once they are sure other investors are active.

As investors continue their comeback to the market in 2014, it is important not to get too carried away and enter with a level head. Whether you’re a first-timer or seasoned campaigner, successful property investment is based on certain timeless principles.

Here are six of the best:

  1. Horses for courses (consider your personal and financial circumstances and goals).
  2. Strategise first, buy later (decide what type of property is appropriate for your situation).
  3. Get your finances in order.
  4. BYO research (get independent research).
  5. Know your limit
  6. Regular reviews.

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Photo Credit: Photo Credit: Colin_K via Compfightcc

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