Grow Your Property Portfolio Faster
The best way to grow your property portfolio fast? Positively geared properties may be just the thing.
It’s a relatively simple equation. Find an investment property requiring a lower initial capital investment, higher rental yields, a lower vacancy rate, with minimum ongoing expenses, that generates equity faster!
Step 1: Get a better property price
Compare similar property listings in the same property market, and make sure you are getting the best value. You could find price differences of thousands, or even tens of thousands
Don’t be afraid to think outside the box when it comes to investing. Purchasing a property in one of our capital cities can cost you twice as much as a larger and newer home in South East Queensland. With a large pool of renters happy to commute a short distance to Brisbane City in order to experience a higher quality of life, there are many surrounding suburbs offering incredible growth and opportunities for savvy investors.
Step 2: Get a higher Return on Investment (ROI%)
A lower priced property means very little if you can’t generate decent returns on that investment. Look at the historical and projected data for capital growth in the area. Consider the type of property that would maximise rental income within your purchase price range. A dual key property can offer two rental income streams instead of one with a build price that is just a fraction higher than what you would pay for a single residence.
What advantage would a dual occupancy property have long term? On average higher rental returns, generating equity more quickly, and potentially allowing you to pay off that property sooner and acquire subsequent dual key properties ahead of schedule. Find out more ways you could pay off your home sooner >>
Step 3: Look for a low vacancy rate
A quick online search on many real estate sites can offer you important information about potential suburbs. Regional areas could have incredibly low purchase prices, but incredibly high vacancy rates. Areas with an ageing population have the potential for accessing an untapped pool of renters- instead of renting a home with a granny flat for elderly relatives, they can rent your modern quality 3 + 1 bedroom home.
Areas with a higher number of families struggling to afford childcare may love the concept of having babysitters (in the form of grandparents) living just next door. Suburbs close to universities create high demand for one bedroom residences, eliminating the need for putting up with messy flatmates. With a variety of combinations of bedrooms a possibility, you can tailor your home design to suit your objectives. View some of our floor plans here >>
Step 4: Minimise your expenses
The initial purchase price is just one consideration. You also want to ensure that ongoing costs are kept to a minimum. Buying a new property greatly reduces the risk of having to fork out large sums of money for repairing or replacing worn flooring, electrical equipment, or plumbing on the property. Choosing a quality builder with a good reputation for quality control is another smart strategy for minimising future expenses. View our finished home designs here >>
Finding finance at the lowest possible interest rates seems like a no-brainer, but you’d be amazed how many investors don’t shop around for a better interest rate and simply go with the same lender they used for previous properties. One of the services we offer free of charge is a consultation with our mortgage broker to determine the strategy for securing your investment. You can find out more here >>
Step 5: Generate equity faster
Dual key/dual occupancy houses are positive cash flow properties, allowing you the capacity to generate more equity in your property sooner. We also offer a range of duplex homes with the potential to generate instant equity. The best part? Faster equity = the ability to expand your portfolio sooner, generating multiple passive income streams.
Heard enough? You can browse our range of dual living house and land packages here >>