Imagine an affordable, hassle-free investment in one of our major cities that offered a guaranteed rental return of over 6% and a long term lease with fixed annual rent increases. In cash-strapped times, this would seem an opportunity too good to miss. But, as always, there is a darker side. Welcome to the world of…
Articles by Damian Collins
Damian is managing director of Momentum Wealth, a Perth based property investment consultancy firm. A successful property investor in his own right, Damian formed Momentum Wealth to assist time poor investors in building their portfolios and applies his many years of experience to help clients accelerate their wealth creation. Visit www.momentumwealth.com.au
One of the things all property investors need to understand relates to who you should trust for advice and, specifically, the difference between a salesperson and an advisor. For anyone considering investing in property, there can be a lot of information to take in, and it’s not just about property. You would think that this is…
If you’re looking to buy an investment property there are some marketing traps that property investors should be wary of! You see… When it comes to deciding how to spend your property investment dollar, there are many options from which to choose, from established houses to off the plan apartments and everything in between. …
Acquiring a tenanted property can deliver many benefits, however, there can be various pitfalls as well. So what are the pros of cons of buying a property with existing tenants? It’s a situation that many property investors find themselves in. After securing finance, spending months searching the property market, scouring the internet and attending countless…
Whether you’ve recently acquired an investment property or have a long-held portfolio, it’s always beneficial to review your assets to ensure returns are maximised. If you’re the type of property investor that relies on your property manager for guidance, particularly for direction to optimise rental returns, you’d want to make sure that you’re using…
How does a professional valuer perform a valuation on a property, what are some of the challenges, and how can property investors use knowledge of the valuation process to their advantage? The formal valuation process is an integral part of property investment and it pays for property investors to understand the ins and outs. In…
Are you considering self-managing your property portfolio? The decision to do so may prove significantly more costly than you think. It’s not uncommon for novice investors to consider managing their own portfolios, particularly if they only own 1 or 2 properties. However, by taking on the responsibility to self-manage, you’re also likely to be taking…
When the rental market stagnates, investors have to turn to innovative solutions to secure higher rents. Rather than just sitting and waiting for the market gods to shine, why not make simple improvements to your properties that will have tenants happily throwing extra money in your direction. The right sort of improvements can easily pay…
A new year means new resolutions. What goals have you set for yourself? Perhaps you’ve thought about your future; your investment plans. What are you going to do this year in order to achieve them? Sadly, it can all seem too overwhelming so although most of us start with the best of intentions, we…
The property market in Perth showed signs of stabilising in the December quarter, after values remained fairly steady easing just 0.2% to $510,000 for the period. Overall, the average dwelling price dipped 3.7% in 2015, with the March quarter having a big impact when prices dropped 2.7% alone. December showed some green shoots for the market, though, as the average…