You have purchased your home…what’s next? Have you thought about purchasing an investment property? Or increasing your portfolio?

We have the knowledge, resources and time to make this a reality. Stop putting it off because you are too busy or are unsure about how to do it. Capital gains of Sydney’s Eastern Suburbs is one of the easiest and most secure ways of growing your wealth!

It’s no surprise that property and wealth go hand in hand. With 68 out of the top 250 rich-listers in Australia being property mogels, large amounts of wealth have been derived from investing in residential and commercial property. The Australian housing price growth over the last 25 years is a phenomenal 412% (based on CoreLogic 25 years of Housing Trends report). And in the Woollahra local area we have seen prices increase by an annual rate of 7.2% over the past decade.

So, what next. You have purchased your own home in the Eastern Suburbs, a blue-chip location that is leading the real estate recovery. With more and more people wanting to live here, and with the population growing the East is a fabulous place to own property.

You are now steadily making your repayments and enjoying the fruits of your labour. Could it be time to purchase your first investment property. Unlike your home, an investment can provide you with a steady rental income and overtime the rewards of capital growth as well as tax deductions. Don’t assume you don’t have enough equity for an investment – you may be surprised. The first step is of course to speak to your mortgage broker or bank to understand your borrowing capacity.

Once you are pre-approved BuyEast can start the search for you. Buying an investment is different to buying your home. We look at rental yields, suburbs with high rental returns, strata reports and the condition of the building and its sinking funds. Although it can be a less emotional purchase then your home, it is still a major financial investment.

Are you struggling to find the time to buy your investment? Or too scared that you will make a mistake. Let our experts at BuyEast do the hard yards for you, we will reduce the stress, time and can help you identify stable investments in the right pockets of the Eastern Suburbs.

If you would like assistance in taking the plunge and building you property portfolio, please be in touch with your local buying experts.