The stars have aligned, and in my view, 2022 offers the best for time in years for first-time investors in property, and here is why.
As an investor in residential property for 20 years and a close monitor of markets and buyer’s agent, all the stars are aligned to make 2022 an ideal year to start investing in property.
But first, a warning. Investing in property is very different purchase than buying a home. It’s a business investment decision. Let’s look at the ingredients you need.
- Buying/borrowing capacity
Of course, this means having sufficient or property equity to cover, usually a 20% deposit. Many Melbournians have enjoyed a huge increase in their home equity of the last 2 years, and this can be used. We can recommend mortgage brokers who can check your borrowing/buying capacity.
- Affordable property
2022 is offering discounted property in many suburbs but not all. The discount will not last and the very best time to stat investing is in a downturn year. We can recommend Melbourne and regional properties. The cheaper you can buy the greater and sooner your capital growth.
- Affordable and tax deductable interest payments
Mortgage brokers report that despite interest rate 
rises, the premium paid by investors is not that great. Of course, the interest paid is tax deductible for investors and the real cost is the net cost.
- Growth property options
Our research shows where Melbourne auction clearance rates show it a buyers’ market. For buyers with a lower budget, say $600K, we have selected regional locations.
- Higher rents.
Melbourne and regional rents have soured in 2022 which obviously gives greater support to the investment. We check likely rents and gross yield before buying for clients.
- Good guidance
To make the very best of all the good settings above, you need a good property coach. We will make sure you acquire the guide you to get best available investment property, at the lowest possible price.