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Looking to buy a property? 

We offer a complimentary investor advice service to all current and future clients of @home. We have the experience in our local market to give you educated advice to allow you to make smart choices from the very beginning of your investment journey. 

Michelle Williams Melanie Kate Photography 23

Start your investment journey the right way

Buying an investment property can be daunting, and without good advice from the beginning, there are many risks that you may not consider. This is where we can help guide you.

Seeking independent and unbiased advice when buying an investment is important, remembering that the selling agent works for the vendor (the seller).

Property managers know what tenants are seeking and where the demand is. We will review the property based on location, demand, maintenance required and future costs to consider.

We will provide a realistic rental appraisal based on actual results to allow you to plan your income and expenditure carefully.

Property Investment Tips

Make sure it’s structurally sound.

Choose a property that is structurally sound and free from major defects. Look for low-maintenance homes that won’t require major upkeep and repairs. Always get a building inspection performed before signing a contract or as a condition.

Is it a high-demand location?

Look in safe areas with good street appeal (including the neighbouring properties). If you feel you would not like to live in the area, chances are quality tenants won’t like it either. Look for limited supply homes to ensure demand for your investment property remains strong.

Is the area well-serviced?

Check the local services, schools and amenities. Is the home within proximity to shopping centres, parks and sporting facilities? This will make the property more appealing to tenants or future potential buyers. Reputable schools nearby often indicate that the property will have strong tenancy demand.

Don’t overcapitalise.

Look for homes in the median price bracket, particularly for your first property. Being priced in the middle of the field will make it easier both to rent and to sell later on. A trap is to buy a 'renovator's delight'. Renovating can have hidden expenses like rewiring and plumbing. I advise adding around 15% to the estimate from your builder to cover any unexpected items. Spend your budget wisely on areas that will provide a return on investment.

Is there potential for development in the area?

Research the infrastructure in the area – are there adequate facilities? Check both existing and planned developments to support the needs of the community. In particular, consider schools, roads and public transport to and from the area.

Does it have good capital growth potential?

Research the history of capital growth in the area. Especially look for suburbs/areas with a strong history of capital growth over time. Many websites report on past sales history and trends.

Keep an eye on the rental market.

Research what is currently available for rent in the areas you are considering. What rental prices are they achieving? How long are properties vacant between tenants on average?

Consider what people need to be comfortable long term.

A good rule of thumb is to buy an investment property in which you would be comfortable. That doesn’t mean it will be a property you prefer to live in, and it doesn’t need to offer everything you would want personally. Start with the basics, like heating, energy efficiency, functionality, safety, cleanliness and practicality.

Don’t overcommit financially.

When you investigate what you can potentially borrow from the bank, be careful not to overcommit. Take into consideration change in circumstance. Your income may change, and interest rates can increase quickly, so you need to factor that in. Can you afford the repayments in the short to medium term if the property is vacant? Can you afford unexpected repairs, such as a new hot water cylinder? I recommend buying a property within your limit that allows you to cover up to 3 months’ rent as an absolute worst-case scenario.

Get an accurate rental estimate.

When you find a property you’re considering making an offer on, contact an experienced property manager to confirm the potential rent. The agent selling the home may not be as accurate as they don’t specialise in rental returns (not to mention the conflict of interest). Most property managers will provide you with this estimate at no cost, particularly if you want to manage the property with them.

Engage the best property manager you can find.

This could be the difference between a stress-free investment experience or your worst nightmare. If the investment is not effectively managed from start to finish, you will wish you had never invested in the property, and you will likely sell at a loss and never go back! The Residential Tenancy Act is complex and often weighted in favour of the tenant, which is why you need the best representation.

Get the right risk protection.

Researching insurance products can be very daunting. I would suggest talking to people who deal with this type of insurance daily, like your property manager, and asking them to point you in the right direction for the best options available.

Looking to buy a property?

Let us help you get started the right way. We will guide you through the early steps to ensure that you start your investment journey the right way.

Looking for a rental appraisal?

Ask the experts if you would like to know what your property will rent for in the current market. Our award-winning team will provide an independent appraisal and a detailed market report. We can also provide valuable advice on risk management to protect your investment.

What our clients say...

My wife and I spend a considerable amount of time away from Tasmania, so we needed a reliable and professional company to look after our investment properties. The fact that @Home Property business model is 100% focused on property management allows them to be the very best in the business and excel at what they do!
John & Gaby
July 12 2021
John
We have recently moved our rental property from an agent to @home Property Management and we only wish we had moved over sooner. We have received amazing service from Michelle, Louise, Robyn and Nikki, who have made the process so incredibly easy. Not only have they helped with locating trades but they have treated us like real people! Highly recommend making the move to experience real customer service!
Kathleen Hinds
February 23 2023
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I normally don't respond in giving feedback on staff performance but I felt compelled to compliment you on the lovely young ladies in your team I have been dealing with, Olivia , Robyn and especially Jo, who put in the extra effort to give me help when requested. Beautiful well groomed professionals.
Karen Roberts
May 24 2022
Karen
Morgan has always provided an outstanding service while managing my properties, reply to any enquires and dealing with any issues promptly. Living interstate can sometimes make renting your property out a stressful task, but in Morgan’s hands I have always had confidence that the right decision is being made with my best interests in mind. I’m very pleased to have Morgan dealing with my current and future business and believe the service I receive is second to none.
Laura How
November 15 2021
Laura how
As a tenant, I cannot complain at all about the service we have received from the @Home team. They have been friendly, helpful, organised and professional for the past 18 months. They are super responsive and have made the rental process so easy and stress-free for us. Thank you guys!
Kirsten Duggan
January 27 2022
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We have recently signed our new lease with @home. The process was a joy, we were approved fast with no mess around and the staff have all been lovely and a pleasure to deal with. We look forward to our onward journey with @home.
Carly Lyon
October 13 2021
Carly

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