Investment Property Perth
“Choosing to invest in property presents a minefield of potential pitfalls that the experts at Property Wizards help you avoid”.
At Property Wizards, we follow a proven step-by-step approach to property investment. Backed by strong research and extensive industry experience, we offer a complete range of property investment services. We help investors to achieve their property wealth creation goals through considered, well-researched investments that can outperform the market.
Property Investment Process
- Step 1 – What are your requirements?
Understanding where you are in your property investment journey, what you want to achieve, and your time frame to make it happen, is fundamental to developing an investment strategy that’s right for you.
If you’re new to property investments, we’ll explain some of the key strategies available to you, using simple diagrams and easy-to-understand language.
If you’re an experienced Australian property investor, we review your existing investment portfolio, and assess whether a different strategy could be more effective in achieving your goals.
- Step 2 – Determining your Investment Strategy
Now that we understand where you are and what you want to achieve, our property investment advice and solutions will help you formulate a realistic strategy to help you achieve your goals.
– We look at ‘Yield Based Strategies’ where the majority of your investment is in the actual ‘bricks and mortar’ that offer stronger rental, bigger depreciation, low maintenance and low capital growth.
– We compare with ‘Capital Growth Strategies’ in more sought after areas where the majority of the cost of the property is the land value and where the opportunity for capital growth is greater.
– We also consider strategies where you can add value, to accelerate your growth in property wealth. These include properties to subdivide, develop or renovate and rare properties with an extra “twist” that is not known to the general market.
- Step 3 – Property research
Once you’re happy to go ahead, we research the right locations and property types for your goals and budget. Then we undertake a comprehensive search of properties available for sale that could match your needs, and include off-market opportunities. Very quickly, we refine our search down from a total pool, often 8,000 to 15,000 properties, to just a handful of outstanding properties based on our tough selection criteria.
- Step 4 – Property Inspection
We review a shortlist of the best properties with you and guide you through the selection process. We physically inspect – usually with you on Zoom/FaceTime or in person.
- Step 5 – Due Diligence
This is where our extensive experience really comes into its own. Once you’ve decided to go ahead with the property, we conduct a due diligence in great detail, for your complete peace of mind. We search for any ‘potential problems’ or additional expenses, factoring them in to the overall cost. We’ll also include a number of conditions in your Contract of Sale which are designed to protect you and work in your favour, rather than the seller’s.
- Step 6 – Accurate Pricing
We study comparable sales data to help us assess the property’s true worth. By obtaining up to date information about the house in question, we can make sure that you don’t pay too much.
- Step 7 – Acquisition Strategy
Now we’re reaching the make-or-break part of the buying process. Once we’re sure the property ticks all the boxes for your investment strategy, the price is attractive enough and suits your budget, we negotiate with the agent for you. We use all our legal tricks-of-the-trade, ensuring you get your Perth investment property for the best possible price.
At Property Wizards, we take enormous satisfaction in the knowledge we’ve helped hundreds of Australians to achieve success from buying investment property, and saved them time, money and stress.
Want to invest in property? We’d love the opportunity to help build your wealth as an Australian property investor. To set the wheels in motion, please fill out our no obligation enquiry form – this gives us an insight into what you’re looking for. Alternatively, you can contact our property investment advisors directly on (08) 9381 7450.