Empowering Aspiring Property Investors: A Closer Look at Metricon’s Guidance

Times Viewed: 44

Breaking into the property investment scene in Australia might seem like a distant dream for many, but Metricon’s new insights suggest that it might be closer than it appears. In a recent article, Daniel Hubbard, manager of Invest by Metricon, shared six expert tips aimed at demystifying the process for first-time investors. These strategies could be the key to turning the tables for many aspiring investors who feel hindered by financial constraints or a lack of know-how.

One of the primary barriers that potential investors face is the perceived lack of funds to kickstart their investment journey. However, Hubbard highlights an often overlooked asset—equity. “I call it dormant equity because often it’s just sitting there and people don’t realize they can leverage it into an investment property,” Hubbard explains. This approach opens a gateway for many homeowners to dive into the investment world without the burden of saving for another deposit.

The importance of starting early in the investment game cannot be overstated. Hubbard points out, “The property market will always continue to move through cycles. It’s not about picking the perfect time to enter the market, but your length of time in the market so your investment has time to grow.” He recounts stories of individuals who lament not starting their investment journey earlier, often only realizing the potential in their later years.

For those looking to make their first investment, Metricon suggests considering new builds. “There are significant tax benefits,” Hubbard notes, emphasizing the low maintenance and strong rental demand of new properties situated in master-planned estates.

Navigating the complex landscape of property investment can be daunting, which is why Metricon has developed a comprehensive service to guide novices through every stage of the process—from understanding financial positions and managing properties to handling technical aspects of investing. “At the initial consultation, we go through the strategy and technical aspects of investing before we even look at the property,” says Hubbard, outlining the depth of Metricon’s approach.

Another critical factor Hubbard mentions is the cost consideration beyond the purchase price, which includes stamp duty, legal fees, and ongoing commitments like insurance and property management fees. “That’s why we do a complete analysis of what the costs are going to be over the year, and then we help people understand the out-of-pocket contribution per week,” he adds.

Finally, Hubbard stresses the importance of choosing the right location for investment properties, leveraging Metricon’s research into top-tier developers in specific growth corridors to ensure investors make sound decisions that align with tried-and-tested formulas.

This comprehensive advice not only equips potential investors with valuable knowledge but also empowers them to step forward confidently into the property investment arena. Aspiring investors are encouraged to consider these insights as a blueprint for navigating their investment journey effectively.

References:

https://www.realestate.com.au/advice/6-expert-tips-to-becoming-a-property-investor-in-australia/