Real Estate Investment Real Estate Investing Guide for Beginners in Newca | Page 10
Commercial property yields are also affected by bank interest rate changes. If bank rates go
up, commercial property yields increase. This in turn lowers the value of a commercial
property.
Attending commercial property Newcastle auctions can also give you a better understanding
of price. You’ll also gain experience in how bidding works and learn how not to bid more than
the value of the property.
Know the Market Rent
It’s very important to be realistic about the rent you can achieve from a property. Find out
what other properties are renting for in the area. Speak to the tenants, owners and valuers
and real estate agents.
Think long-term growth
Investment in property is not all about rent. A good commercial property provides both
income and capital gain. It is worth investigating how much your property is likely to rise over
the medium to long term. Look at historical and forecast rises for properties in the area as
well as properties of the type you are considering. Talk to agents and read property reports
to get this data. Economic and social factors driving demand for property are also key to
capital gain. These include population growth and demographic changes, interest rates, and
infrastructure development.
Speak to your lender
Financial institutions have different requirements when lending for commercial property as
opposed to residential property. Normally they lend a lower proportion of the value of the
property than they do for residential. Before thinking about investing, speak to your current
financial institution and other lenders to understand the finance options are available to you.
After considering all these tips, you can choose the best commercial property according to
your requirements.
For ex:
Buy Now!! Minimal 2 Bedroom Apartments Remaining
Property Features
Category : Land/Development
Land Area:2
Tenancy: Vacant
Property Description
Nestled in a boutique area, this remarkable release of 2 bedroom apartments consisting of 1
or 2 bathrooms combines vibrant beach side lifestyle, spectacular outlooks and uplifting
green landscapes with beautifully finished living spaces. Located in Whitebridge's growing
centre and just metres from the 15km Fernleigh cycle way.
Family friendly living and low-key opulence is the forefront of The Dudley Apartments
philosophy. It is a masterpiece of design and low maintenance living has never been so easy.
* Strong rent returns
* Depreciation schedules available
* Government Incentives when purchasing off the plan