Posts Tagged ‘Select Invest +’

By Natalie Robertson – Property Writer – Messenger Press

Most people are aware of the benefits of having an investment property but many don’t realise how affordable it can be INVESTORS are returning to the property market with interest rates historically low and signs that the first homebuyer frenzy is slowing, says Raine & Horne state manager Kevin Magee. 

“Many first homebuyers, who can afford it, have now bought in time to receive the increased First Homebuyers Grant, and investors realise this,” Mr Magee said.

“Investors are coming back into the market because they know they don’t have to compete against as many first homebuyers. “And that will increase further as the grant is reduced later this year.”

Raine & Horne is targeting potential investors with a new marketing strategy, called Select Invest +, that aims to give them a better understanding of investing in property.

It provides information about the costs and earnings associated with owning a particular investment property on the market. “Most people are aware of the benefits of having an investment property but many don’t realise how affordable it can be,” Mr Magee said. “They think that people who have them must be on a very good income or have to be very well eucated in finances, but that’s not true.”

Owning an investment property can be as affordable as $100 a week, Mr Magee said. “We are sort of putting the cart before the horse and letting people know the costs and income involved if they buy a particular property that is for sale.

“We work out what the costs will be on a weekly basis rather than just supplying them with the asking price for the property.”

But Mr Magee stressed that the agency was not acting as a financial advisers and potential buyers should consult their accountant or financial adviser before committing. “It’s a guide to help them decide if they can afford that property as an investment,” Mr Magee said.

“They should show the figures we provide to their financial adviser. “What we want to get across is that property investment is not just for the elite few, and the information we provide them will shows them that.” The new strategy will also assist the vendor by helping to attract legitimate buyers who know the facts, Mr Magee said.

Select Invest + was designed and reviewed to comply with the Fair Trading, Trade Practices, Finance and Land Agents Acts.

This article was brought to you by Raine & Horne Glenelg – your Glenelg Real Estate Agent and Property Management Expert.