A guide to help you invest in a property

First and the most important question to address is the reason why you want to invest in a property. Investing in property can be a great way to build wealth, but it’s not for everyone. Before you make the leap, it’s important to consider whether or not you’re ready.

We’ve compiled a list of things to consider before you start looking for investment properties to help you think about your financial situation and goals.

• Do you have a sufficient deposit?
• What are your goals? Do you want positive cash flow or capital growth?
• Have you saved enough for the deposit and legal fees?
• Have you budgeted for ongoing expenses like maintenance and vacancy costs?
• Are you prepared to commit long term?