Get creative in 2018 with fresh strategies for property investment
1. Airbnb/executive rentals
We’re going to see the short-term rental market mature this year, with a better understanding of what’s involved in Airbnb-ing your apartment. There are risks and rewards with short-term rentals – and we can manage it all for you – so talk to the team at Impression about how it could work for you.
2. Off the plan purchases
While the LVR restrictions have eased by 5%, it’s not enough to make a big difference. But of course these restrictions don’t apply to new builds. You can buy an off-the-plan apartment with just a 10% deposit in many cases – which could be as little as $50,000. And tenants love new builds.
3. Buy and renovate
Traditionally a residential strategy, this year could see investors with run-down apartments exit the market instead of spending on refurbishment. That will provide the opportunity for savvy buyers to snap up a bargain and bring it up to a better standard for a vastly improved yield. Keep your eyes peeled for tired apartments!