With a federal election now just around the corner, and the possibility of a new government (as opposed to just the change of governments leader which we have just had), real estate markets often adopt a ‘wait and see’ approach around election time.

These days however, with the differences between the major parties less obvious than in days gone by, we are less likely to see too much nervousness from buyers. This certainly seems the case at present with very strong sales results in recent weeks from all our areas of operation from Torquay to Apollo Bay.

Open houses this weekend

AIREYS INLET
Sunday 1st August
2:00pm – 2:30pm 4 Sutherland Court, Moggs Creek

APOLLO BAY
Saturday 31st July
12:00pm -12:45pm 15 Cawood Street, Apollo Bay
Sunday 1st August
12:00pm -12:45pm 15 Cawood Street, Apollo Bay

LORNE
Saturday 31st July
1:00pm – 1:30pm 14a Charles Street, Lorne

TORQUAY
Saturday 31st July
12:00pm – 12:30pm 14 Rosedale Drive, Torquay
1:00pm – 1:30pm 21 Conside Crescent, Torquay
2:00pm – 2:30pm 3 Nestor Court, Torquay
Sunday 1st August
11:00am – 11:30am 1 Longshore Street, Torquay
12:00pm – 12:30pm 8 Watersun Road, Jan Juc
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 2/153 The Esplanade, Torquay

See you in Our Backyard.

Important advice: When considering an investment property look at it with ‘investment eyes’ only.

Take a long term view
Take advantage of the cyclical booms that occur in property by planning to keep your investment for the long term. Be prepared for the highs and lows by making sure you have realistic financial goals and are comfortable with how much you are borrowing. Be prepared for changes to interest rates and increases to other expenses relative to your investment property including rates, insurances and management fees. It is also prudent to set up a ‘sinking fund’ for each investment property to cover repairs and maintenance that will inevitably arise in time.

Do your homework
Obtaining as much market information as possible about the property will help you make an objective decision. Research the capital growth history of the area and the potential rental income of the property (real estate agents and property research companies are a good starting point). Great Ocean Road Real Estate are very well placed to precisely advise as to exact yields and returns across all price ranges across the Surf Coast and hinterland.

Our locations on the Great Ocean Road offer the flexibility to either holiday let or permanent rent your coastal property. Both are experiencing strong demand and offer a consistent yield. Feel free to contact Matthew our Accommodation Manager or one of our Permanent Property Managers if you wish to obtain a rental appraisal specific to your property.

Calculate your net return
The net return is the figure you need to know about in order to understand how your investment is travelling. A quick way to calculate it is to determine the gross rental return and then deduct approximately 20 per cent for outgoings such as maintenance, rates, management fees and insurance. While rents won’t rise quickly (but they will rise), the cost of the investment can fluctuate which does affect your net return. If your loan repayments, fees and other costs exceed your rental income you can negatively gear your investment property. This means that the net loss can be offset against other income you earn, reducing the amount of tax payable on your other income.

Make use of equity
You might feel reluctant to use the equity in your home to buy an investment property, but it can be an ideal ready-made ‘deposit’ that reduces your reliance on savings. You can use the equity in your home or another investment property to buy a property without having to find any cash, even for the costs associated with the purchase.
A good tip is to revalue your property every year so that you can use your additional equity to negotiate a larger loan that you can reinvest in another rental property. Great Ocean Road Real Estate is more than happy to assist with market appraisals to assist with this process and to assist with the professional management of your property. Please contact us at any time if we may be of service! See you on the coast…. even if it’s a little fresh at the moment!

Open Houses this weekend

AIREYS INLET
Saturday 17th July
10:00am – 11:00am Lot 28 Narani Way, Fairhaven
1:00pm – 1:30pm 2 Yarringa Road, Fairhaven
Sunday 18th July
3:00pm – 3:30pm 53 Great Ocean Road, Aireys Inlet

APOLLO BAY
Saturday 26th June
12:00pm -12:45pm 15 Cawood Street, Apollo Bay
1:00pm – 1:30pm 20 Seeberg Court, Apollo Bay
1:45pm – 2:15pm 2B Murray Street, Apollo Bay
Sunday 4th July
2:00pm -2:30pm 15 Cawood Street, Apollo Bay

LORNE
Saturday 17th July
12:00pm – 12:30pm 16/3-9 Armytage Street, Lorne
12:00pm – 12:30pm 5/3-9 Armytage Street, Lorne
1:00pm – 1:30pm 14a Charles Street, Lorne

TORQUAY
Saturday 17th July
11:00am – 11:30am 296 Grossmans Road, Torquay
12:00pm – 12:30pm 14 Rosedale Drive, Torquay
1:00pm – 1:30pm 21 Conside Crescent, Torquay
Sunday 18th July
12:00pm – 12:30pm 7 Loch Lomond Crescent, Torquay
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 2/153 The Esplanade, Torquay

“End of financial year opportunity” – 14A Charles Street, Lorne.

This architect designed three level residence is now being offered at the amazing low price of $925,000. This is a must see opportunity for anyone who is looking to enter the Lorne market in arguably Lorne’s most sought after residential location. Capitalise on this once off offering before somebody else does!! Seldom does the motivation of a seller present such brilliant buying.

New railway station a boost for Surf Coast commuters

RAIL connections from the Surf Coast to Melbourne have received a major boost announcing a new station for the region’s newest neighbour, Armstrong Creek.

The new station to sit on the existing railway line between Ghazeepore Road and the Surf Coast Highway. This connection will further enhance the benefits of the Ring Road by improving access to the Surf Coast.

The government is taking action to build the right infrastructure for growth to lock in a prosperous future for regional Victoria, one of the state’s key growth corridors.

The new station will provide enhanced access for residents to central Geelong and Melbourne and, as the most westerly station in Geelong, service the Bellarine Peninsula and Surf Coast region.
(Source Surf Coast Times)

Open Houses this weekend

AIREYS INLET
Saturday 3rd July
1:00pm – 1:30pm 2 Yarringa Road, Fairhaven
2:00pm – 2:30pm 30 She Oak Crescent, Fairhaven
Sunday 4th July
3:00pm – 3:30pm 53 Great Ocean Road, Aireys Inlet

APOLLO BAY
Saturday 26th June
12:00pm -12:45pm 15 Cawood Street, Apollo Bay
1:00pm – 1:30pm 20 Seeberg Court, Apollo Bay
Sunday 4th July
12:00pm -12:45pm 15 Cawood Street, Apollo Bay
1:00pm – 2:00pm 11 Nova Court, Apollo Bay

LORNE
Saturday 3rd July
12:00pm – 12:30pm 16/3-9 Armytage Street, Lorne
1:00pm – 1:30pm 14a Charles Street, Lorne

TORQUAY
Saturday 3rd July
1:00pm – 5:00pm 25 Longshore Street, Torquay
1:00pm – 5:00pm 27 Longshore Street, Torquay
1:00pm – 1:30pm 1540 Anglesea Road, Bellbrae
2:00pm – 2:30pm 24 Conside Crescent, Torquay
Sunday 4th July
11:00am – 11:30am 8 Watersun Road, Jan Juc
1:00pm – 5:00pm 25 Longshore Street, Torquay
1:00pm – 5:00pm 27 Longshore Street, Torquay
1:00pm – 1:30pm 3/9 Ozan Crescent, Jan Juc
2:00pm – 2:30pm 1 Longshore Street, Torquay

See you on our coast.