Australians it seems are becoming more and more concerned with diet. Part of this is trends – smashed avocado, anyone? – but it seems that it is also about health. We are becoming more conscious about weight and diet plans and personal trainers are commonplace. My colleagues and I even share ideas of maintaining a healthy weight in between complaining about grand final umpiring.
In fact, one of my colleagues pointed out that what we do in assisting our clients with property investment is very similar to what a dietician or personal trainer does for their clients. It sounded far-fetched at first, but it’s actually a good comparison.
If you decide to diet, the first thing you will need is a plan. The plan needs to suit your particular needs and be one that is ‘palatable’ to you – basically, you have to believe you will stick to it before you start or you are not likely to get far. In choosing this plan, you will talk to friends who have tried this plan or that plan to decide the one to which you will commit. If you are really serious, you may even consult a dietician, GP or personal trainer.
Investing in property is pretty similar. You start out by researching. You look for suitable suburbs, checking amenities, property prices and past performance. You ask around, maybe visit local real estate agents or talk to others who may live or have property ion the same area. Or, if you are really serious, you can talk to Accrue Real Estate, who have experience in the Melbourne Property market and have done the research on many suburbs already. Just like a good personal trainer, we can look at your specific needs and situation and help you find the right investment property to meet them.
An important part of any diet is – and no surprises here – the food. If you are not enjoying the food it will be much harder to stick to the diet and achieve your goal. In terms of property investment, rather than good food, think good location. The wrong suburb can seriously limit investment potential – auction clearance rate, property vacancy rate and rental yield are just some of the factors that determine the best suburb for investment. Accrue Real Estate have years of experience working in the Melbourne property market. As part of this, Accrue research Melbourne suburbs to determine which have best investment potential. As your ‘property personal trainer’, you have the benefit of this experience.
Anyone who has dieted knows that at some point you hit a wall. Best intentions don’t necessarily allow you to push through. With investment, there can be similar ‘blocks’. Perhaps the first property doesn’t suit or maybe your finances are taking longer to organise than you initially planned. None of these things should be deal breakers. Accrue Real Estate have spent years developing partnerships with companies that have experience in property investment financing. Just like a personal trainer helping you maintain your diet plan, Accrue Real Estate help you to realise your investment goals.
One of the hardest parts of dieting is after you reach your goal weight. If you don’t have the plan to maintain the diet and continue a healthy lifestyle, the weight you’ve lost can quickly be put back on. The best personal trainers not only help devise the plan, but also teach the skills that allow their clients to continue beyond the original diet. The Accrue Real Estate experience includes providing skills and knowledge to allow you to make informed decisions that will meet your investment goals and help you plan for maintenance of your investment property and even possibilities for further investment.
If you are thinking of property investment as way of securing your financial future or to help your children secure theirs, Accrue Real Estate would be perfect as your ‘personal trainer’