Property Secrets

Now is the Time to Renovate Your Investment

Savvy property investors looking for the best way to make a profit from their investments could find that market conditions make this the ideal time to consider renovation, according to Resi Mortgage Corporation.

Spokesperson Lisa Montgomery suggested that the soft market offered an opportunity for renovation, but that sellers and investors must be savvy in their plans to avoid over-capitalising, which is where Property Secrets can help.

Speaking to SPI Online, Ms Montgomery explained that when renovating, both functionality and value should be the ultimate consideration. She also said that there is generally less emotional attachment to renovating an investment property than one you will have to live in, but that the principles should be the same if the seller hopes to make a profit.

She advises all potential renovators to make a plan and stick to it, as well as be realistic about the state of the market and able to crunch numbers before making a further investment in a particular property. This is especially important if the renovations are structural, as they may require a considerable investment. Cosmetic renovations represent less of a risk as there are fewer aspects to consider in surface revamps.

Deciding how to renovate an investment property is a decision that Property Secrets can guide you through. Anyone hoping to enter the investment market but worried about whether they’ll have all of the information they need to make decisions about aspects such as renovations should get in touch with Property Secrets by calling 1300 858 678, they can help investors through the whole process. 

25 Clever Things Steve Jobs Said - We Like #20

"My model for businss is The Beatles: They were four guys that kept each other's negative tendencies in check; they balanced each other and the total was greater than the sum of the parts. Great things in business are never done by one person; they are done by a team of people."

This stands with our philosophy at Property Secrets, where we have a team of people who can walk you through each aspect of property investing. For more information, visit the Property Secrets website or contact us on 1300 858 678.

Have a Read of This Article from The Age. What are Your Thoughts on the Drop in Top-End Property Prices?

The recent decline in the value of top-end property in Melbourne further proves that when investing in property you need to spend smart, not big. Property Secrets have found this article that we’d love to share with you from last week’s The Age, Top end caught flat-footed as property slump worsens.

The Age reported that ”Prestige areas, including Toorak, Brighton, East Melbourne, Southbank and St Kilda Road, where hundreds of $1 million-plus apartments have been for sale, have been hit hardest over the past year, according to research by Australian Property Monitors.”

This slump is credited to an increase of luxury apartments and concerns around the economy and with this in mind; it’s safe to say that this decline will only get worse with Analysts Charter Keck Cramer estimating that 49 new buildings are under construction or marketed for sale in these same areas in Melbourne. To read the full article, please follow this link.

Property Secrets are a full service property investment company that can walk you through all aspects of property investment; they know where your money is best spent and which property is a good investment. With such a notable slump in the luxury property market, why not call Property Secrets and find out how they can help you find financial freedom with your property choices. For more information visit our website or contact us on 1300 858 678

Great Robert Kiyosaki Video - Guide to Investing in Property With 6 Steps

In this video we've found, Robert Kiyosaki and Dolf De Roos talk about what they believe are the 6 steps you need to take in order to invest in property with success. We couldn't agree more with what they are saying and in fact, Property Secrets can guide you through each of these steps to help you find your way in the property investment market.

For more information about how Property Secrets can help you gain financial freedom, please visit our website or contact us on 1300 858 678.

Control Your Super With Property Secrets!

Property Secrets can do self managed super fund (SMSF) loans up to 80% lvr with competitive interest rates.

(LVR = Loan to Valuation Ratio)

For a set up fee of $4990.00, Property Secrets can help you secure a loan with one of these competitive rates below:

Self Managed Super Fund Rates (correct at 9/5/12)

Macquarie

Variable = 7.04 %
Fixed 1 year = 6.66%
Fixed 2 & 3 year = 6.80%

NAB

Variable = 6.99%
Fixed 1 Year = 6.19%
Fixed 2 Year = 6.29%
Fixed 3 year = 6.24%

St George

Variable = 7.04%
Fixed 1 year= 6.54%
Fixed 2 year = 6.54 %
Fixed 3 year = 6.54%

Australian First Mortgage

ING variable = 7.04%
Fixed 1 year = 6.59%
Fixed 2 year = 6.69%
Fixed 3 year = 6.84%

Buy Your Property Through Your Super!

For more information on self managed super fund loans, get in touch with experts Property Secrets by calling 1300 858 678.