Investment Property

There is heaps of information out there on purchasing property as an investment. It generally means the property will be rented out so some basic rules apply:

• Treat it like a business - You're not purchasing for yourself as such, so try to keep your emotions out of it. Ultimately, you're doing it to build equity and make money, so treat it as a business decision.
• Location, location, location - Where you buy will affect the purchasing price, but also the amount you can get back in rental returns. Research the market - make sure there is demand for rentals in your chosen area.
• Tenants - Think about features that could be attractive to tenants, and the type of things that would attract tenants to the area. You also need to allow for periods when you may not have tenants in the house.
• Research Property Values & Rents - Have a chat to real estate agents or other property owners in the area to find out that you could expect to get in rent. 

The information in this section is of a general nature and is not intended to be taken as advice. First Credit Union recommends obtaining independent advice regarding your individual circumstances. Links to non-First Credit Union websites and material are done so for your convenience and First Credit Union accepts no responsibility for their content.