PROPERTIES IN METROPOLITAN SYDNEY
My property investment and 1st home buyer focus encompasses all of metropolitan Sydney. Of particular focus is Inner Western Sydney, Western Sydney, South West Sydney & North West Sydney,
Notably properties where there is a lower point of entry into the market & multiple indicators point to the prospect for rapid capital growth.
CRITERIA FOR PROPERTY SELECTION
ALWAYS IN DEMAND PROPERTIES
Properties that will be in demand regardless of the pressure that is exerted on the property market from natural or forced economic influences.
These properties are a priority on my list as they have a high probability of immense capital growth.
I recommend that you consider actually developing duplex sites yourself. A duplex gives you 2 incomes on 1 property, instant & exceptional equity growth once built (approx 9 months to build). In this scenario you have manufactured equity. In other words you have done something to the property to rapidly increase the equity in a very short time frame.
Within a period of 6 – 8 weeks of renovation work you have created instant & substantial equity. Once again, equity, which translates to money that can be immediately tapped into & utilised for your benefit.
YOUR PORTFOLIO GOAL
To make it positive cash flow over time & in the shortest amount of time possible to give you passive income as well as greatly increasing your borrowing capacity. This will come from always looking for ways to add value to your property. A prudent way to make money out of property is to add value to it (such as a renovation, extra bedroom, granny flat etc), which results in an increase of rental income and equity.
Your strategy however may involve purchasing positive geared property only in your portfolio, or also to compliment your negative geared property in your portfolio, for reasons such as better cash flow and borrowing capacity. If so, carry out your due diligence on the property and the area you are investing in thoroughly so that it ticks the right boxes to achieve reliable and good rental yield, knowing that you may forego strong capital growth as is the case with Sydney.