Whoever Says Apartments Don’t Get Capital Growth Doesn’t Know What They Are Talking About
Proximity is one of the most powerful words to understand in real estate wealth. Like proximity to prestigious schools, shops, transport nodes, hospitals and universities.
The lack of supply and the nature of NIMBYism (not in my back yard) suburbs will keep new development limited in an area, and when you combine proximity and NIMBYism, it is awesome for growth and rents. See the great result in just 16 months with the apartment below.
- Property Type: Apartment
- Attributes: 2x1x1
- Purchase Date: 17/12/2016
- Purchase Price: $481,000
- Latest Value: $533,067
- Equity Gain: $52,067
- Rent Now: $440
- Yield: 4.7% on Purchase Price
How we chose this property:
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When it comes to property investment there are some things you can never have enough of.
When it comes to property investment there are some things you can never have enough of. Good tenants, reliable builders, a great relationship with your bank.
But more than anything what you need is good cash flow.
Having a steady income of cash means never having to dip into your own pocket to top up repayments, complete repairs or make another purchase.
Here are the top five ways you can ensure the cash keeps flowing, so you can keep your investment portfolio growing.
Don’t be caught without it.
As a property investor who is building a portfolio, it’s vital that you have access to your equity whenever you need it.
There’s nothing more frustrating than finding that perfect new property to purchase, only for it to be held up – or worse still, lost completely – because your finances weren’t in good shape.
Having an interest-only loan structure with a healthy off-set account is a great way to ensure you have equity at your fingertips whenever you need it, but that’s not the only way…