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Being new to property investment may appear daunting however it’s an ideal time to consider and employ an effective real estate investment strategy. The ever resilient property market is seeing young professionals in their early twenties venture into investing, one property at a time.

Property investors need solid foundations to base their decisions on, that should comprise of the right information and property market know-how to be successful. Otherwise, it’s just a game and the players are only gambling. Here are some of the fundamentals to profitable real estate investing.

As little girls growing up, we have all seen the Disney animated fairy tales where the prince rescues the commoner and falls in love, or the Hollywood movie ‘happy ever after’ endings. As women, we have been conditioned from a very young age by the media, the entertainment industry and even our families to assume we will meet our dream man (or woman), settle down and maybe even have children. And of course, we will live happily ever after…

Negotiating property is not a single skill but an entire arsenal comprising of research, strategy, psychology and when the occasion calls for it, plain instinct. Each situation is unique and is composed of several factors including people, which lends a certain amount of unpredictability to every instance. Knowing the foundation of what makes a successful negotiation allows you to steer through unexpected occurrences, to get the best deal for you.

Buying real estate is a major, long-term investment whether it’s for business or personal goals so decisions should be well thought-out based on the right information. Increasingly, investors and home buyers are opting to hire a buyer’s agent to help them with purchasing property. The buyer’s agent or buyer’s advocate’s job is to find real estate that meets your goals and negotiate the sale on your behalf.

The property sector portrays property investment as a simple, straightforward exercise that anyone can do. Selling agents and property spruikers have dumbed down the buying and investing process for decades. However there’s ample evidence that indicates that there are many people that do not do it well.

Despite the ongoing reference to a bursting bubble, house prices in Melbourne continue to thrive. This is fantastic for those who have already entered the market, however for those who haven’t, it may seem like the concept of buying property is simply out of reach. During the September quarter, the median house price across Melbourne increased by 3.2% to $740,000 according to the REIV. In addition, there was a clearance rate of nearly 80% which is the highest number seen in 7 years.

Many years ago now, before I even worked in the finance world, I was a property investor and I was looking for someone that could give me advice around that and also how my properties fit into my overall plan. After going to a couple of Financial Planners I realised they weren’t able to help me with my full financial picture including properties, and didn’t share my excitement around investing in property. If anything, they tried to talk me out of it. Back to the current day, and more property purchases later, Profolio is here, and aims to fill the gap in the market property investors have been screaming out for. Your team of experts are the most important people in your financial life. This includes your Accountant, Lawyer, Mortgage Broker, Financial Planner, and of course Buyers Agent. You need to ensure your team is working together and working towards the same common goal; supporting you. You need to be very selective when building your team and ensure you choose professiona

So you’ve decided to get into real estate and you’re beginning the preparations to acquire your first property investment in one of Melbourne’s suburbs. You’ve got professionals or families in mind, who want a home situated in an area that’s serene where they can relax after work. At the end of a long day, they don’t want to be reminded of the office with the sights and sounds of a skyscraper jungle. That makes the middle to outer ring suburbs the perfect location for a home.

A qualified and skilled buyer’s agent will discuss your risk profile and that of your strategy with you before you buy. If you want to buy property in Melbourne, then consult with a local expert. Due to inherent market knowledge, a buyer’s agent in Melbourne is able to give you important local insights, compared with an advocate based elsewhere.

A common problem for investors is keeping the value of their portfolio up-to-date and this is especially true for investors in the current Melbourne real estate market. The industry is experiencing a very robust period and prices are increasing as more foreign nationals gain interest in acquiring property in this world-famous city. There are several ways to make sure you know the current value of your investment property in Melbourne.

If you are contemplating whether or not to utilise the services of a buyer’s agent in Melbourne, when selecting a property to invest in, keep in mind that real estate holds a unique category when it comes to negotiating. It entails a lot of knowledge, experience and a certain set of skills to clinch a successful deal. On top of that, competition is tough in desired locations and the process is often emotional. Negotiating requires sharp analytical skills, adequate understanding of human psychology, great self-control and a strong intuition.