Melbourne’s Best Real Estate Agents say that in the current property market, real estate, like every other business, has many risks associated with it. However, there are many examples of people who have earned themselves a fortune with real estate investments. Melbourne luxury real estate is one of the hottest investments that you can make this year.

Investing in Melbourne Luxury Real Estate requires a good amount of cash, regardless of the type of property you are purchasing or planning to rent or resell afterwards. It is therefore critical to take extra measures to save yourself from a huge loss and to gain a profit. Property investment can be an upward ladder to build your assets, grow wealth, and increase cash flow.

But before you buy your investment property, there are a few pieces of advice from the best agents that you need to hear. I have listed seven of them below.

1. Never let your emotions rule you

Buying a property close to where you live can be exciting. But this decision could be an emotional mistake. For investors, letting your heart rule your buying decision is a huge “no-no.” Here, logical thinking will give a better return than emotional decisions. Thinking of it as purely a business investment will get you the best possible price. Remember, the lower the price you get for a property, the higher the profit you earn from it. If you allow your emotions to cloud your judgment, you will be more likely to over-capitalize on your purchase.

Investing in a property should always be based on analytical research, and property investors should always keep that in mind. One of those pieces of advice that will be the same for all the estate agents. Some of the things you should consider are:

• Will the local demographics lead to the capital gains and returns you require?

• Is the location good enough to attract quality tenants who would pay you increasing rent over the years?



By answering these questions, you will undoubtedly lead to better financial growth over the years. So, instead of buying a house that will be a great holiday retreat, you should be thinking of multiplying your financial gains. And investing is all about economics, demographics, and finance, and certainly not emotions.

2. Your first investment property should be a low-cost home

Give it a thought!

Investing in a million-dollar property might also lead to hidden charges, such as renovations before renting or selling it. As a result, your first investment property should be in the low-to-mid-range price range. This will not only make things easier for you, but it will also keep you safe and put you in a low-risk category. Even if you don’t hit the expected profits, you won’t risk losing too much on it.

A study done by an association of real estate agents in Melbourne says that a shortage of property in good areas over the past few years has led to an excellent opportunity for investment. However, that doesn’t mean that anybody can earn a fortune by investing in real estate.

Many investors start out with the best intentions, but only a few make it to the top of the property investment ladder. Because you need to know a lot of things before buying your first investment property! I seriously recommend you to read how you can ensure both high rental yields & capital gains from your investment property to get the most out of your investment in real estate.

By the way, don’t even consider buying very cheap properties.

3. Choose your partners carefully (A point all the best brokers emphasize)

Like every other business, investing in Melbourne luxury real estate can go either way. You could either earn a good chunk of money, or it might turn into a disastrous experience. If you follow these smart tips and play it safe from the start, you will surely be on the winning side.

You might partner up with your friends instead of taking an investment loan to start in the real estate business. First-time investors need to consider many factors while choosing partners, such as how comfortable you are with them and the implications of a partnership agreement. So, before deciding on your investment calculation, choose your partners carefully.

4. A thorough research needs to be done

To create the best appeal for your investment property, make sure that the property is in a location that will attract the type of clients you hope to sell or rent to and achieve the returns you expect.

Depending on the clients you are targeting, you need to do thorough research before buying your first investment property. Doing proper research and employing an analytical approach logically based on financial factors rather than your personal preferences and dislikes will undoubtedly assist you in purchasing the best property. You shall consider taking suggestions and advice from professional agents who have years of experience in this field. As the best real estate agent in Melbourne, I can make this step fairly easy for you. Book a free appointment with me now!

5. Crucial financial assessment

According to my experience, investment decisions should be made by categorising your options in these sections and then making a decision accordingly.

• You buy and sell (short-term): This is generally for a quick, small to medium profit. The typical property is under construction and sold at a profit on completion.
• You buy and sell (long-term): This is generally focused on large intrinsic value appreciation over a long period. This offers alternatives to complement long-term goals such as retirement.
• You buy for self-use – Here you will save on rent and have the benefit of self-utilization while also getting value appreciation.
• You buy and lease – This offers regular income and long-term value appreciation. However, you need to have the temperament of a landlord, which is needed to handle possible disputes and legal issues, manage tenants, repair work, and so many other lease issues.

6. Pay all your debts before buying your investment property

As a new investor, you might need to consider the investment loan options for buying your first investment property — one shouldn’t be carrying debts as their investment portfolio. You must pay off all your debts, student loans, medical bills, etc., before starting with a new venture investment. 

7. Proper documentation (A crucial suggestion by all Estate agents)

You must check your critical documents before buying your first investment property. Often, the excitement of purchasing a property is so great that we miss out on checking on other crucial details and factors. But make sure you keep a clean check for the necessary paperwork to be in place before popping the cork on the champagne.

Experience is a salient quality of a great real estate agent. Besides having received formal training in the sales process, I also possess the following qualifications:

• Superior marketing and sales abilities.
• The ability to successfully negotiate a deal is
• Intimate familiarity with the surrounding area
• Industry contacts
• A solid understanding of the legal system

Working with me, you’ll have access to my extensive experience, network, and professional guidance throughout the buying process.

You’ve discovered a fantastic investment property in Australia. Now what? With the Best Real Estate Agent in Melbourne at PB Property, you can expand your investment portfolio.

Book an appointment today!