Ask Michael Anything [video] – How do you select the right property to invest in?

Like with any major purchase, there’s an art to selecting the right property – so where do you begin?

This week watch Michael discuss how to select the right property for investment.

This week’s question:  Property-Investment-Checklist-300x199

Thanks for the commentary Michael.

I am trying to educate myself about the pros and cons of certain types of investments.

In your expert opinion, in the long term, would a stand-alone town house in South Yarra be better than an attached newly renovated and landscaped townhouse in Malvern?

While I will live in the property, I am willing to choose the location/property that will appreciate more over time.

Both walking distance from shops, public transport and off street parking. 

Michelle, Melbourne

Please leave your question in the comments section below and we’ll answer it.

This video originally appeared on Real Estate Talk – subscribe now for our weekly podcast and our daily videos and commentaries

Do you have a question you’d like answered? Leave your questions for Michael below and keep watching the series to get you answer. 

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Kevin brings together leading authorities on the property market in his weekly Real Estate Talk Podcast. Visit www.RealEstateTalk.com.au


'Ask Michael Anything [video] – How do you select the right property to invest in?' have 4 comments

  1. Avatar for Property Update

    October 3, 2016 Irina

    Hi Michael, what would you say about buying off the plan apartment in Cheltenhem or Moorabbin as an investment property? Which area has more potential? Thank you.

    Reply

    • Avatar for Property Update

      October 3, 2016 Michael Yardney

      Irina I’ll answer in more detail in a future video, but the simple answer is AVOID buying off the plan – particularly in these suburbs where there is a looming oversupply of off the plan properties and on completion valuations fall short of the contract price

      Reply

  2. Avatar for Property Update

    September 29, 2016 Cathy

    I have a question for Michael:
    What is the indicator when developing a strategic property plan to know whether to look for a growth or yielding property next for a portfolio? (Obviously it would be nice to get both!) Is there a budget surplus threshold amount or percentage you consider? I’m worried about being too negatively geared for the next few years. Thankyou!

    Reply

    • Avatar for Property Update

      September 29, 2016 Michael Yardney

      That’s a great question Cathy, I look forward to answering it in an upcoming video for you

      Reply


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