There’s a definite change in the air! The kids have gone back to school, daylight is fading faster and our summer clothes are thinking about going into hiding in the back of the wardrobe. Can you believe it’s March already?
Official Interest rates remain unchanged and the outlook for 2016 is more of the same. Leadership from our Federal Government seems still to be stuck in the mud and we have an election not to look forward to sometime later this year. Thank goodness footy season is almost here!
I hope you enjoy this month’s eNewsletter. I’ll take a look at how to choose a great place for property investment and 5 expert tips for an effortlessly stylish home.
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How do you know where to best invest?
Whether you're a first time or seasoned investor, it’s often tricky to predict the next big location for buying an investment property. Even the experts sometimes get it wrong.
There are a few things you can learn to look out for when considering where to invest. Here are a few quick tips:
Ponder your tenants. Any potential investment property should be considered from your ideal tenant’s perspective. Is this a place where they can set up a happy home? When you’re renting location is a top concern, look for investment properties that make tenants’ lives easier – close to shopping, schools, transport, hospitals and recreational facilities. If you’re looking beyond the capital cities, consider towns with growing populations and good infrastructure – you’re more likely to get a greater return on your investment.
Go one street or suburb over. If you’re priced out of a particular area start looking in neighbouring streets or suburbs. These are more likely to be the next big thing as others look for better deals on the edge of popular areas. You could bag a bargain that gives you a brilliant return in a few years.
Ignore the glut at your peril. Do a bit of research – if the suburb you’re considering has a high vacancy rate, walk away. A glut of rental properties in the area is a good indicator it’s not the right place to invest.
Disregard one-trick ponies. Look for suburbs or regions that have more than one opportunity for employment. A great investment location will have more than one demographic interested in living there. Make sure there’s a mix of factors involved in the investment opportunity, such as location, transport, infrastructure and investment/development.
Buyer Beware. Don’t be sucked in by “Property Spruikers”. Just because they say it, does not make it so. Validate any such advice with information sources from others and your own research. Study the market and location over an extended period to ensure you know what is trending and happening there. Often your gut will tell you!
Investing in 2016? Let’s chat. I can give you the low down on everything you need to know about investment loans and loan structuring but were afraid to ask.
5 top tips for an effortlessly stylish home.
We all know someone whose home looks like it’s leapt from the pages of Vogue Living and felt the deep pang of embarrassment when we compare their effortless style to our own barely-held-in-check chaos.
But achieving your own tranquil retreat is much easier than you think. According to those in the know, people with stylish homes do things a little differently than the rest of us.
Here’s how:
1. They don’t follow trends. Forget what’s hot right now – stylish home designers aim for a timeless look that reflects their own personal style rather than the latest and greatest thing on the market.
2. They’re habitual editors. Effortless style actually isn’t that effortless. It comes from reviewing rooms regularly to minimise clutter – stylish homes are cool because they demonstrate the ‘less is more’ principle perfectly.
3. They don’t try so hard. Great interior designers create a central focus in each of their spaces but they always keep it simple. They choose one bold statement piece and build accessories around it, rather than having a group of amazing pieces all fighting for attention.
4. They take their time. Your home should reflect your unique personality, rather than look like it’s just jumped out of a magazine spread. Stylish homeowners know making spaces their own takes time – you can’t get it by purchasing everything from a catalogue in one go. They understand personality largely comes from injecting your own treasures and heirlooms in surprising ways.
5. They’re prepared to play more. Those with stylish homes play with design values and take more risks. They’re not afraid to try out colours that clash and surprising juxtapositions until they get the right effect – after all, practice makes perfect.
To do a style makeover of your home you may need a little extra cash from the equity you have built up in your home. Talk to me about this and I’ll review your loan to make sure you can easily access what extra funds you need without blowing the budget.
