If you’re thinking about investing in property it is crucial to do your research. But with so many experts out there, who do you turn to for what type of advice?

If you were sick would you go to your mechanic for treatment? I don’t advise it. There are just some things a grease and an oil change can’t fix.

Likewise, it’s important to go to the right advisor in relation to the right topics.

Most people when starting their investment property journey speak to their Accountant or Financial Advisor for monetary advice, then go straight to searching for properties which brings them in contact with a Sales Agent.

Following this method leaves out one vital aspect that could make or break your investment experience.

Many forget that Property Managers can provide valuable advice that is crucial to you making a good property investment decision – before you actually own the property!

Otherwise you’re missing valuable localised information like;

• Vacancy rates
• Median rent prices
• Rental yield
• Suburb growth
• Information about your target market and
• Expectations of prospective tenants

This is the conversation pathway we suggest you take in order to not miss a beat.

1. Speak to your Accountant or Financial Advisor about your personal finances, structuring your investment as well as tax and depreciation implications.
2. Have a conversation with a local Property Manager before you purchase a property. They will be able to provide you with the localised information to help narrow down a truly profitable and overall good experience with your investment.
3. Contact a Sales Agent who will be able to advise on available properties within your budget – My personal favourite is Aqua Properties North Lakes. Janelle is amazing and truly operates with heart.

At Aura Rental Management we interpret detailed, up to date data making us the experts in North Lakes and surrounding areas. If you are thinking of investing in property, talk to us first so you are equipped with the right information to make a good decision.