It would be easier if we all knew what it takes to succeed in any endeavor – oftentimes we would like to take the faster route – looking for secrets, tips and tricks to succeed. Even in property investment, it’s easy to just look up the secret to a successful investment – unfortunately, there is none. Every investment is unique and there is no definite formula for success.

If there is one secret to succeed in this field, it would be to have an effective strategy. Understanding the property landscape gives you a gauge as to whether now is the right time to invest. Here are some of the fool – proof strategies that will help you succeed when investing in property:

propertyInvest at the right Time

In the property cycle, now is the right time to invest. Find ways to understand the market trends and have a good feel as to how the economy is performing.

Invest in the right State

Certain states perform better than others. Depending on the property you’re after, some States provide you with better options and gives you a good return of investment. Larger capital cities are often favoured by investors as these places are constantly growing, however other states are slowly providing investors favourable conditions.

Invest in the right Suburb

Suburbs that have high capital growth are often in the middle and inner ring of big capital cities. Suburbs that have a wide range of amenities and services, such as schools, accessible roads, hospitals and recreation centers are often hotspots for economic growth.

Invest in the right Location

Each suburb will have its pros and cons, however, exploring the surrounding streets will allow you to gauge which will most likely attract more investors. Some areas are close to main roads, shops and commercial areas.

Invest in the right Property

Buy the right property at the right price. Newer properties tend to be more expensive, but are often covered by insurance. Older properties are cheaper, however, you may need to pay more for repair and maintenance costs.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.