Sell with Confidence
Read More

Some top tips on buying your first investment property…

By Danielle Banton

If you’re going to take the plunge and buy an apartment in Sydney’s Eastern suburbs for investment purposes, then here are a few top tips from Michael Krimotat, Director at Ray White Double Bay:

  1. Try to narrow your search from the start by making a list of criteria for your prospective property. Work out which are the most critical, and which are less important to you. Does it need to be near where you live, for example, or be a certain size for the rental market you’ll be targeting?
  1. Put yourself in the place of your future tenants. Make a list of things they’ll be looking for.
  1. Price. How much you can afford to spend will be limited by what you can borrow and what savings you have available, but you might not need to spend all of it. Doing a budget to work out what return you’ll get on your investment may be a better way to decide how much to spend than simply buying a property at the top end of your budget.
  1. Sale-ability. If you don’t intend to hold on to the property for the long term, how easy will it be to sell on? In the Eastern Suburbs at the moment, you can’t go wrong.
  1. Do your research. Try to gather as much information as possible concerning the property. If you’re serious about the investment then this time will not be wasted and you can avoid nasty surprises later.  It’s worth checking any information given to you by the vendor and the real estate agent unless it comes via their solicitor.  Visit the property as many times as you need to feel comfortable.
  1. The area is as important as the property. Research of the local area and speak to neighbors and locals to get a feel for the place if you don’t already know it yourself. Or simply call Ray White Double Bay having expertise in both sale and rental in the Eastern Suburbs we will do all the hard work for you.
Up to Date

Latest News

  • Ray White Double Bay named best in the East

    There isn’t a trophy cabinet big enough to hold the awards collected by the team at Ray White Double Bay at the annual Ray White awards, held this week. Principal Elliott Placks said that while it was strange not taking the whole team, dressed up in their black-tie finery, to … Read more

    Read Full Post

  • Top agency team sells six properties in 10 days amid pandemic

    DESPITE the COVID-19 pandemic, an Associate Director and Sales Executive from the most successful Australian real estate business within the Ray White network has sold six properties totalling more than $15,500,000, in just 10 days. The highlight of the six deals was the $3,500,000-$3,700,000 sale of 1 Shaw Street (pictured above) in … Read more

    Read Full Post