Understand what you wish to achieve. Understand where you are now, where you want to go and your risk appetite.

Do you want to replace your income? Or maybe provide financially for your future? These options are explored and identified for most suitable path forward. Learn about the various property investments and the relevant benefits of investing in property.

Build and set a property investing success strategy before you get started. Build knowledge and build a team to help you achieve your goals

When you have a clear success strategy mapped out before you start, you clearly understand your budget and capacity.

You then make informed decisions and understand how your decisions could affect your lifestyle and cash flow. Having your budget set and an ongoing knowledge of your financial position is a vital step in your success.

Allowing for market changes and interest rate variances all forms part of your success strategy. Your strategy provides a level of reassurance that you have planned for future circumstances and can be cross checked with the performance of the property market

Having a clear understanding of the costs involved with purchasing and financing your investment is vitally important.

This forms part of your overall strategy. Establishing how cash flow will work for you and confirming accounting benefits such as gearing and deductions are extremely important.

What type of property will suit your investing goals?

Next you need to understand that not all property investments are equal, and build knowledge to make decisions that meet your objectives. Understanding the relevant suburbs, market trends and pricing are the beginning of the research phase. You will also understand population growth, vacancy rates, rental returns, relevant infrastructure and government facilities.

The research phase allows you to reduce the available options to a selection that meet your criteria. It is a vital step in your success.

Appointing the right team to assist you on your property investing journey, provides you with the education and support to reach your goals much faster than going it alone.

Having a team of property professionals working for you brings immediate knowledge and experience and will save you time, money and stress.

Your team should include:

• Professional Mortgage Broker
• Conveyancer/ Property solicitor
• Property Agent/Property Manager
• Accountant

A regular review of your property performance and understanding capital growth and rental returns of your properties is important part for growth.

As your property grows in market value this presents an opportunity to utilise equity built up in the property to contribute to a further investment property.

Your property investing finance should also be reviewed on a regular basis (every 12-18 months) to ensure it is still providing the best available return for you and any adjustments to help you progress towards your goals made accordingly. Continue to review, update and grow to reach your goals