Invest In Some Advice Says First National

As investors return to the property market, Taylor’s First National Real Estate, Principal, Paul Taylor, says wise investing which maximises returns on investment requires research and patience as well as expert advice.

 

“The property market has turned a corner and for as long as property remains undervalued and offers strong yields, it will continue to outperform many, if not most, other asset classes, making it an attractive option for investors,” Paul, said.

 

“The key is to buy well by talking to people who know the industry and northern area, and to make sure the property is the right one and is being bought at the right time.

 

“Property can yield great returns when it is bought as part of a long term investment strategy and residential property is the highest performing asset class over the last two decades, returning nearly 12 per cent in the 20 years to September 2008.

 

“Current property conditions came about as a result of an almost perfect storm for investors which has produced low prices, rates at their lowest levels for decades and affordability at its best for more than a decade.”

 

Paul Taylor advised investors to take their time and make sure the right location has been selected by considering factors which will impact price growth in each area, such as demand and supply.

 

“Across Australia there is a shortage of supply and that is no different for the northern region.

 

“This is keeping vacancy rates low which is then driving very strong rental growth.”

 

Another tip from Paul is not to overcapitalize when trying to rent or sell the investment property.

 

“An investor can make their property look more upmarket without spending a fortune by giving the property a fresh coat of paint and fixing up unsightly cracks for a smooth, pristine look and finish,” Paul said.

 

“They can also obtain other tips about presentation on the firstnational.com.au website.”

 

But the best piece of advice offered is to build a relationship with a local real estate agent who has vast experience and information on the property industry as well as property values in the region, trends and local knowledge.

 

“First National Real Estate agents have first hand in-depth experience of what is going on in that area,” Paul said.

 

“In addition, as a network we use the latest technology and innovations to keep clients informed about what is happening in local areas, including a website that allows the user to search for a property anywhere in Australia.

 

“We have products that have the ability to generate meaningful market intelligence reports, communicate more effectively with client databases and streamline property management processes for improved efficiency.

 

“Plus, we recently revamped our website to make property searches easier, and matching of local agents with expertise as well as incorporating web-videos to tap into the YouTube generation.

 

“We also use SMS and MMS as a cost-effective way of getting market information to our customers ahead of anyone else in the business.”

 

Spearheading the network’s service and information technology is its Utopia system.

 

Utopia helps agents more rapidly match buyers to properties for sale and automatically keeps buyers informed about new listings in their area of choice, using SMS, MMS and email communication modes.

 

“The beauty of Utopia is that it enables customers to input their wish-list directly to our website and it serves tenants and home buyers equally,” Paul said.

 

“In this way, the moment a new sale or rental property becomes available, Utopia matches interested parties and sends them an email or even posts a letter.”

 

“It is this type of service, knowledge and experience that keeps clients coming back to us, secure in the knowledge that their property investment is safe with us.”