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Wouldn't it be great if you have nothing but top-notch tenants applying to rent your property. No bad references, no bad credit reports, good steady income and long-term tenants at their previous addresses. Attracting and choosing good tenants for your property is paramount if you are to enjoy a stress-free and successful investment. |
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2012 is set to be a year of recovery for most Australian housing markets according to the Australian Property Monitors ‘State of the Market‘ report to December 2011. |
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Properties are discounted for several reasons. - The original listing price was set too high. - The property is sub-standard and nobody else wants it. - The property is a ‘niche property’ and there are limited buyers for it. - Prices have fallen due to softening market conditions. |
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Buying investment properties has proven to be a great way to build wealth over the long term, with some suburbs doubling in value every seven to ten years. |
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This article was written by - Micheal Matusik - The Matusik Snapshot http://www.matusik.com.au Slow yes, crash no. I am increasingly asked if I think the Australian residential property market will follow overseas markets where values have fallen sharply (by over 20% in many European countries and parts of the United States) since the GFC. |
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