Kevin Young. With over 50 years of experience, Kevin Young is one of Australia’s most successful property investors. He’s bought and sold more than 650 properties over the years, but today his focus is on providing free advice and guidance for fellow investors through The Property Club which he founded in 1994.
How do I choose an investment property in Australia?
Tips for buying an investment property
- Be clear on your goals.
- Do your research.
- Set a budget within your means.
- Check your credit history.
- Set your timeframe.
- Decide who’ll manage the property.
- Consider whether you need insurance.
- Budget for the little things.
Is property investment worth it in Australia?
Although property is considered a more safe investment strategy than shares, for example, it still comes with the possibility you could lose your money. However, 2020 is arguably one of the most extraordinary years for the Australian property market in history, and as a result, could carry more risk.
Who are the most successful property investors?
1. Donald Bren: Estimated net worth $15.5 billion. Donald Bren tops America’s real estate rich list. He became the wealthiest person in real estate thanks to his ownership of Irvine Company.
What is a good rate of return on rental property Australia?
Ideally, investors should aim for a gross rental yield of above 5.5% as this shows stability in the rental income.
Can I live in my investment property Australia?
The short answer is yes. You can live in your investment property. But there are tax implications that you need to take into account.
What’s the most expensive suburb in Australia?
Darling Point 1. Darling Point, Sydney NSW. The most expensive suburb in Australia has a median house price of $7.06 million.
Where to find information and discussion about property investment forums?
Property experts and “gurus” – discussion about the authors, commentators, seminar providers and spruikers who hold themselves out to be experts in real estate markets and strategies. Where to find information and discussion and reviews of information resources and tools for investors – books, magazines, seminars, websites, software, even people.
When does an investment property need to be derecognised?
An investment property should be derecognised on disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from its disposal.
How can I find out who is my financial adviser?
The ASIC Connect Professional Registers will tell you if the company or person holds an AFS licence. or is an authorised representative. Check their qualifications on the Financial Advisers Register. Decide what you want from the advice.
What should I consider when buying an investment property?
A lot of people when looking at investment properties do calculations based on what their expected mortgage expenses are going to be and what the rental income is. If the rental income is greater than the mortgage, then they assume it’s going to be a positive cash flow property, but that’s not necessarily the case.
