澳洲Australia property Topics to research thoroughly before buyi


在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m


I am a newbie to the property investment world .
I'm just after basically all the topics I Will need to research to excell in this game . Looking to buy before the end of the year  

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Hi Josh, welcome aboard the good ship SS forum - setting 'sale' to your dream destination.

The first I recommend you do is sit down and brain storm about what it is you are exactly trying to achieve from investing in Property.

Next you need to attach a time frame to what it is you are attempting to achieve.

Lastly I suggest you start educating yourself on all the the different types of property investment strategies out there because each one is different and require different time periods to implement.

Choose the strategy that resonates & best suits what it is you are wanting to achieve in the time you have allocated.

You see property is merely the vehicle. The strategy is how you intend driving that vehicle and what to purchase and where to purchase it.

Unfortunately the mistake I see newbies and sometimes not so newbies is that they are property focused instead of strategy focused which is like putting the cart before the horse.

Property investing is not about 'the property' rather about the strategy and the way you intend to use that vehicle to get to where you are wanting to go.

No good buying a small shopping car if you intend driving interstate on a family holiday.

What strategy/s are best for you is determined by where you are wanting to go, the time frame you want to get there in and how hands on along the way you want to be ( manual/automatic etc) - all based around your personal risk profile.

I hope this provides some food for thought.

But gettting back your original question, here's a few topics for starters...

Investment Strategies
Goal Setting
Area Demographics
Rental Markets
Sales Markets
Loan Structuring
Asset Protection
Record Keeping Accountancy
Residential Tenancy Act
Purchasing Contracts
Letting Contracts  

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Hi and welcome aboard.

Here's a sticky thread with recommending reading - http://somersoft.com/forums/showthread.php?t=9652

It's a good start.

Cheers

Jamie  

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thanks alot guys , i shall set my goals and time frame.
and work out what property investment strategy is going to be best for me .
i am very keen to take in any useful info you guys are willing to give me .  

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Josh,

as pointed out there is a veritable treasure trove of information aboard the good ship somersoft.

Search away to your hearts content. People are able to give more specific advice if you have done some of the initial thinking yourself.  

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Edenon said: ↑
i am very eager to take in any useful information and facts you folks are willing to provide me .Click to expand...
Great stuff....do you have an investment strategy?  

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Other topics:

Supercars
Powerboats
Gold class travel
Languages
etc

you get the drift.......:D  

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