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What should you do if you picked the wrong property? A common approach is to wait for “the market to pick up.” A better approach is often to sell the property and buy a better one. We will demonstrate that the cost of switching properties is likely to be dwarfed by the improved capital growth achieved by owning the right property.
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LongView is excited to announce that the next evolution of our successful Guaranteed Rent option is now here! So what is the change? As a result of our February Net Promoter Survey, we learnt that clients would be even more satisfied with Guaranteed Rent if we could provide a solution that would ensure investors experienced zero cashflow impact when their investment property became vacant, especially in tenant turnover periods.
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It’s time to register your Pool or Spa. More than 80 percent of swimming pool and spa safety barriers in Victoria don’t meet the required standards. New legislation came into effect in Victoria as of the 1st of December 2019, that all pools need to be registered. We thought we would give you the heads up as we realise that not everyone is aware of this legislation change, and failure to comply can result in a pretty hefty fine – about $1600 according to vba.vic.gov. It’s important to note, as well, that you must register pools for any/all properties that you own – whether they are an investment or a home.
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We see many clients who give up and sell their investment property because it didn’t create the wealth they’d hoped and they exit property investment altogether. This is a shame. Many of us don’t get things right the first time – the problem isn’t property investment – it may be that you bought the wrong property. While that can be hard to admit, it can be fixed.
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It almost sounds like a silly question. Most of us either inherited a long-owned family property or made a thoughtful decision to buy an investment property. But however we got here, is it the right property to meet you and your families needs ? Does it deliver the best mix of income and capital growth for your needs ? Have your needs changed since you get hold of the property ? If you own multiple properties, ask these questions multiple times.
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