\nApartment oversupply is proving to be a major issue for investors in the big cities, and it will only get worse as the buildings currently under construction are completed. 2019 is not the time to be buying an apartment off the plan, especially in Sydney or Melbourne; if that was on your agenda, perhaps reconsider investing in a freestanding house. Look for growth corridors in suburbs where infrastructure spending and development are attracting both young people and families.<\/p>\n
New or old properties?<\/strong> Keep a close eye on interest rates<\/strong> Consider broadening your horizons<\/strong> ………………………………………………………………..<\/p>\n It\u2019s time to undertake the annual ritual of stepping back and looking at the year that was, and deciding how best to plan for the future. This year has been particularly eventful for property investors, and most people welcome a break to reflect on the…<\/p>\n","protected":false},"author":176692473,"featured_media":24947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,25,31],"tags":[70],"class_list":["post-24922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-story","category-sponsored-channels","category-your-investment-property","tag-featured"],"yoast_head":"\n
\nHigh depreciation improves an investor\u2019s cash flow by thousands of dollars a year. With the material curtailing of depreciation for second-hand properties that was introduced in the 2017 budget, it makes so much more sense to consider buying new and reviewing your acquisition strategy accordingly.<\/p>\n
\nInterest rates have remained on hold at record lows for some time, but these favourable conditions can\u2019t last forever; some of the big banks are already raising their rates, out of step with official changes. Now could be the perfect time to lock in a low interest rate, in the event the RBA or individual lenders see fit to lift rates in 2019. Fixing your rate now could save you thousands in interest if rates should creep up. Don\u2019t forget to shop around with the advice of a mortgage broker, as your regular bank may not be offering the best deal on the market. If they won\u2019t match the rates you\u2019ve found elsewhere, be prepared to follow through on your threat to refinance. Loyalty can cost you big time when it comes to home loans.<\/p>\n
\nWhile Sydney and Melbourne have peaked and may not be the investment goldmines they were a few years ago, there are many other regions outside of these major capitals that are still ripe for the picking. For example, house (not apartment) price growth in Brisbane is forecast to be strong in 2019. Doom and gloom stories in the media, spruiking price falls and negative equity, tend to be focused around Sydney and Melbourne. If you can open your mind to investing a bit further out while still within commutable distance of capital cities, you may find yourself reaping big rewards.<\/p>\n![\"Philippe](\"https:\/\/i0.wp.com\/au.res.keymedia.com\/files\/image\/Philipe_Brach_Cropped_100x100.jpg?w=1060&ssl=1\")
Philippe Brach<\/strong>\u00a0is CEO of Multifocus Properties and Finance.
\nPhilippe is an experienced property investment specialist, mortgage broker and author of \u2018Creating Property Wealth in any Market<\/em>\u2019.
\nContact Philippe and get a jump start on your portfolio with expert advice.
\nPh. 1300 266 350 |\u00a0www.multifocus.com.au<\/a>\u00a0|\u00a0philippe.brach@multifocus.com.au<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"