7 May 2014 By: Greg Hocking 0 Comment
Investors have once again become a common sight at auctions across Melbourne with many competing fiercely to expand their portfolios with the right properties. The latest ABS data confirms the rise in investor activity with the numbers showing a rise in loans for investment purposes.
Amongst the high auction volumes and competitive bidding that have characterised the property market in recent months, investors have found plenty of good value properties with apartments located within a 10 kilometre radius of the city continuing to feature high on the wish list. Good quality properties within striking distance of the city that enjoy good access to public transport, shops and cafes are always in demand with tenants and are popular investment choices.
Of course, successful property investment means not only finding the right property and buying it at a good price, it also requires ongoing management to ensure you’re getting optimal returns via careful tenant selection, efficient maintenance and administration.
A great property manager will maximise your investment and take the stress out of the management experience. Each of our offices has a team of property management experts who do just that.
If you’re looking to invest, or if you’re unhappy with your existing property management arrangement, have a confidential chat with our property management specialists today.