{"id":3428,"date":"2022-10-01T06:41:00","date_gmt":"2022-09-30T20:41:00","guid":{"rendered":"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/?p=3428"},"modified":"2023-09-08T12:19:52","modified_gmt":"2023-09-08T02:19:52","slug":"central-coast-property-investment-tips","status":"publish","type":"post","link":"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/central-coast-property-investment-tips\/","title":{"rendered":"5 Essential Tips for Starting Your Property Investment Journey!"},"content":{"rendered":"\n<p><strong>By Amanda Irwin, Ray White Long Jetty<\/strong><\/p>\n\n\n\n<p>It\u2019s important to understand what you want to achieve with your property goals. From first home buyers to seasoned property investors, real estate agents are here to not only assist in your property transaction but also to support and guide you along the way. Here are our Top 5 Tips for those looking to get their property investment off on the right foot.<\/p>\n\n\n\n<p><strong>Find the right property<br><\/strong>It seems obvious, but the success and failure of your investment could hinge entirely on the selection strategy that goes into finding your property. This is your chance to do research into a variety of different factors, some of these are listed below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Know your budget and stick to it. Seeking a pre\u2013approval from your bank is a great way to define exactly how much you have to play with.<\/li>\n\n\n\n<li>Research the right neighbourhood. Look at future development applications and potential schools and infrastructure. By spending a little extra time researching the right area early on can save you both time and money down the track.<\/li>\n\n\n\n<li>Think with your head and not your heart. This is a financial decision, and it needs to be treated that way. Remember you aren\u2019t looking for a family home; you are looking for a property with future growth potential.<\/li>\n\n\n\n<li>Understand the current investment climate, trends, and future predictions. Broader external factors can have a major impact on your investments.<\/li>\n\n\n\n<li>Consult a professional. You can\u2019t be expected to know all the ins and outs of a diverse, constantly changing property environment. By consulting a property specialist from a local real estate agency, you can be sure you are getting the right advice from the right people.<\/li>\n<\/ul>\n\n\n\n<p><strong>Know your numbers<br><\/strong>On top of budget, it\u2019s important to understand the variety of factors that could impact your investment revenue. Rental potential, rates, body corporate, general repairs and maintenance costs are just a few of the ongoing charges you need to keep front of mind when hunting for an investment property. Always ensure your budget doesn\u2019t just account for your deposit and repayments, these ongoing costs have a tendency to sneak up on unsuspecting investors.<\/p>\n\n\n\n<p><strong>Think long term<br><\/strong>Property is a long\u2013term investment, and if you are looking to make fast money, property investment is probably not for you. Generally speaking, the longer you can afford to hold onto your property the greater your chances become of turning a profit. But what does all that mean? Essentially you can\u2019t simply rely on and plan around your current situation. It\u2019s important to consider career changes, growth within your family and changes in your financial situation before you commit to a long term investment like property.<\/p>\n\n\n\n<p><strong>Get your loan structure right<br><\/strong>There are more loan varieties today than ever before and finding the right one for you is key. Different loans offer different features like interest rates, discounts, payment options, interest\u2013only and redraw facilities. Choose your lender carefully and make your objectives clear when choosing a loan.<\/p>\n\n\n\n<p><strong>Find a good property manager<br><\/strong>A property manager is your saving grace in the hustle and bustle world of property investment. Property managers are your number one source of support and guidance through your investment journey. Your property manager can provide any advice you need, assist you with finding and keeping the right tenants, take care of maintenance issues and the day\u2013to\u2013day management of your investment. But perhaps more than anything else, your property manager can help you get the most from your investment, which at the end of the day is key.<\/p>\n\n\n\n<p>Investing in property, especially for a beginner, can be a daunting process. It\u2019s important to have the support around you to ensure you get the most return from your investment. Chat to your local property specialist today about how you can start making your property dreams a reality.<\/p>\n\n\n\n<p>To get the right advice on investing, contact the team at Ray White Long Jetty. Phone 02 4360 4360 | l<a href=\"mailto:ongjetty.nsw@raywhite.com\">ongjetty.nsw@raywhite.com<\/a> <a href=\"http:\/\/raywhitelongjetty.com.au\" target=\"_blank\" rel=\"noreferrer noopener\">raywhitelongjetty.com.au<\/a><\/p>\n\n\n\n<p>Ray White Long Jetty is a locally owned and operated Central Coast real estate agency located in Long Jetty. With a combined 60+ years of sales and property management experience, we are trusted in our community to have your most important asset nurtured and taken care of. We\u2019re here to help with all your property needs, contact us on 02 4360 4360 or <a href=\"mailto:longjetty.nsw@raywhite.com\">longjetty.nsw@raywhite.com<\/a> Visit us at <a href=\"http:\/\/raywhitelongjetty.com.au\">raywhitelongjetty.com.au<\/a> or 1\/393 The Entrance Road, Long Jetty NSW.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Amanda Irwin, Ray White Long Jetty It\u2019s important to understand what you want to achieve with your property goals. From first home buyers to seasoned property investors, real estate&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","sync_status":"","episode_type":"audio","audio_file":"","castos_file_data":"","podmotor_file_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","footnotes":""},"categories":[36],"tags":[128,116],"series":[170],"class_list":["post-3428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-amanda-irvin","tag-article","series-on-the-coast-families"],"episode_featured_image":"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/wp-content\/uploads\/sites\/2\/2022\/08\/tips-for-investing.jpg","episode_player_image":"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":"","player_link":"","audio_player":false,"episode_data":{"playerMode":"dark","subscribeUrls":{"apple_podcasts":{"key":"apple_podcasts","url":"","label":"Apple Podcasts","class":"apple_podcasts","icon":"apple-podcasts.png"},"stitcher":{"key":"stitcher","url":"","label":"Stitcher","class":"stitcher","icon":"stitcher.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","class":"google_podcasts","icon":"google-podcasts.png"},"spotify":{"key":"spotify","url":"","label":"Spotify","class":"spotify","icon":"spotify.png"}},"rssFeedUrl":"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/feed\/podcast\/on-the-coast-families","embedCode":"<blockquote class=\"wp-embedded-content\" data-secret=\"6RhZr53wRj\"><a href=\"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/central-coast-property-investment-tips\/\">5 Essential Tips for Starting Your Property Investment Journey!<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/onthecoastpublications.com.au\/onthecoastfamilies\/central-coast-property-investment-tips\/embed\/#?secret=6RhZr53wRj\" width=\"500\" height=\"350\" title=\"&#8220;5 Essential Tips for Starting Your Property Investment Journey!&#8221; &#8212; On The Coast Families\" data-secret=\"6RhZr53wRj\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! 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