property investment
Suburb Profile: Angle Vale, South Australia
Located in the northern outskirts of Adelaide, Angle Vale is a thriving suburb that offers a perfect blend of rural charm and modern amenities. With its picturesque landscapes, close-knit community, and convenient access to urban conveniences, Angle Vale has become a sought-after destination for families, professionals, and nature enthusiasts alike.
Location and Connectivity: Situated approximately 37 kilometers from the Adelaide Central Business District, Angle Vale enjoys a strategic location that combines tranquility with easy access to city amenities. The suburb is well-connected to surrounding areas via major roads, including the Angle Vale Road, Curtis Road, and the Northern Expressway. Residents can conveniently commute to the city or explore the nearby towns and attractions.
Lifestyle and Community: Angle Vale exudes a warm and welcoming community spirit, making it an ideal place to raise a family or establish roots. The suburb boasts a range of community facilities, including parks, playgrounds, and sports fields, providing ample opportunities for outdoor activities and recreational pursuits. The local community center serves as a hub for social gatherings, events, and programs, fostering a sense of belonging among residents.
Education: Families with children will appreciate the educational opportunities available in Angle Vale. The suburb is home to Angle Vale Primary School, which provides quality education and a nurturing learning environment. Additionally, nearby schools in surrounding suburbs offer a range of public and private educational options to cater to diverse needs and preferences.
Real Estate: Angle Vale offers a mix of lifestyle options, from expansive rural properties to modern residential developments. The suburb has witnessed significant growth in recent years, with new housing estates and land releases catering to various budgets and preferences. Whether you’re seeking a spacious acreage property or a contemporary family home, Angle Vale presents a range of real estate opportunities to suit different lifestyles.
Natural Beauty and Recreation: Nature enthusiasts will revel in the natural beauty and open spaces that Angle Vale has to offer. The suburb is characterized by sprawling farmland, scenic vistas, and pockets of conservation areas. Residents can enjoy leisurely walks or bike rides along the meandering trails, explore nearby parks, or indulge in outdoor activities amidst the picturesque backdrop of the surrounding countryside.
Retail and Amenities: While Angle Vale offers a peaceful rural setting, essential amenities and conveniences are within easy reach. Residents have access to local shops, supermarkets, and services for day-to-day needs. The nearby Gawler town center and Munno Para Shopping City provide a wider range of retail options, including shopping centers, restaurants, entertainment venues, and healthcare facilities.
Angle Vale presents a unique lifestyle proposition, combining the tranquility of rural living with proximity to urban amenities. With its strong community spirit, natural beauty, and convenient location, this suburb continues to attract those seeking a balanced and fulfilling lifestyle.
Invest in Angle Vale with Mirren. Let us match you with a property that perfectly aligns with your property investment goals. Contact us for a no-obligation complimentary strategy session.
In recent years, as property prices have soared in many desirable locations, a new trend has emerged in the real estate market called rentvesting. This strategy allows individuals to live in their preferred areas while investing in property elsewhere. Rentvesting has gained popularity as an alternative path to homeownership and investment, but like any strategy, it comes with its own set of advantages and disadvantages. In this article, we will delve into what rentvesting entails and explore its pros and cons.
What is Rentvesting?
Rentvesting, a blend of “renting” and “investing,” involves renting a property to live in while simultaneously investing in real estate in a different location. Instead of purchasing a home in an expensive or unaffordable area, individuals choose to rent a property in their preferred location and invest their money in more affordable or promising real estate markets. Rentvesting allows individuals to balance their lifestyle choices with long-term financial goals.
Pros of Rentvesting:
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Lifestyle Flexibility: Rentvesting offers the freedom to live in desirable areas where property prices may be out of reach for many buyers. It allows individuals to enjoy the amenities, proximity to work, and vibrant social scenes without compromising their lifestyle preferences.
Investment Opportunities: By investing in more affordable or high-growth areas, rentvestors can diversify their property portfolio and potentially benefit from capital appreciation. They can leverage rental income from their investment properties to build equity and create wealth over time.
Financial Agility: Rentvesting provides individuals with the flexibility to adapt to changing life circumstances more easily. It allows them to move for job opportunities, lifestyle changes, or personal preferences without the constraints of being tied to a property.
Tax Benefits: Rentvestors may take advantage of tax deductions on expenses related to their investment properties, including mortgage interest, property management fees, repairs, and depreciation. These deductions can help reduce taxable income and increase overall financial returns.
Cons of Rentvesting:
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Dual Financial Commitments: Rentvesting requires individuals to manage both rental payments for their primary residence and mortgage payments for their investment properties. This dual financial commitment can be challenging, especially if rental income doesn’t fully cover mortgage repayments.
Limited Control: As a renter in their primary residence, individuals may face restrictions imposed by landlords, such as limitations on renovations or changes to the property. This lack of control over the living environment can be a disadvantage for those seeking complete autonomy in their home.
Property Market Risks: Investing in real estate comes with inherent risks, such as fluctuations in property prices, economic downturns, or changes in rental demand. If the investment properties underperform or experience prolonged vacancies, it can impact the financial stability of the rentvestor.
Emotional Disconnect: Rentvesting means individuals may not have the emotional attachment to their primary residence that homeowners typically experience. This lack of emotional connection can impact the sense of stability and security that comes with owning a home.
Rentvesting has emerged as a viable option for those seeking a flexible lifestyle and investment opportunities in the property market. It offers the chance to live in desirable areas while building a property portfolio elsewhere. However, it’s crucial to carefully consider the pros and cons before embarking on this strategy. Rentvesting requires financial discipline, research into promising investment markets, and a clear understanding of individual goals and risk tolerance. By weighing the benefits against the potential drawbacks, individuals can make an informed decision on whether rentvesting aligns with their long-term aspirations.
Need advice on what is the best investment property strategy for you? Contact Mirren now.
Australia’s rental market has been undergoing significant challenges in recent years, with a growing rental crisis that has far-reaching implications. This article explores how the rental crisis affects property investors, highlighting key statistics and discussing the potential opportunities and challenges that arise in such a market. As we delve into the topic, we’ll shed light on the changing dynamics, the implications for homeownership rates, and the future outlook for property investors.
The State of Australia’s Rental Market:
According to the latest data from the Australian Bureau of Statistics (ABS), renters make up 31% of the nearly 9.8 million households in Australia as of 2021. The majority of tenants, accounting for 91%, rent from private landlords, while 3% rent from state or territory housing authorities, and 2.4% rent from other landlords. These figures highlight the significant role that private landlords play in the rental market.
Shifting Homeownership and Rental Trends:
Homeownership rates vary across Australia, with Western Australia currently having the highest homeownership rate at 69.3%, surpassing Tasmania (72%) in 2017-18. On the other hand, the Northern Territory has the lowest homeownership rate at 59%, which may be influenced by the average housing costs in these regions. It is important to note that age is a determining factor in homeownership, with younger households and low-income households experiencing the most significant declines in homeownership rates over time.
Impact on Property Investors:
The rental crisis presents both opportunities and challenges for property investors. In the current climate of low consumer confidence and a stagnant housing market, many prospective homebuyers and investors are adopting a wait-and-see approach. This hesitation creates a window of opportunity for astute property investors to enter the market and acquire properties at potentially more favorable prices.
The Future Outlook:
However, it’s important to note that the rental crisis is not a permanent condition. As interest rates and inflation reach their peak, the market will reset, and pent-up demand will be released. This shift is expected to lead to stabilization in property prices, followed by an upward trajectory. Property investors need to anticipate these changes and position themselves strategically to maximize their returns.
Navigating the Opportunities and Challenges:
Property investors should carefully evaluate the current rental market dynamics, taking into account factors such as rental yields, vacancy rates, and potential growth areas. Conducting thorough market research, seeking expert advice, and adopting a long-term investment perspective are crucial steps in navigating the challenges posed by the rental crisis.
The rental crisis in Australia has had a profound impact on property investors, presenting them with unique opportunities and challenges. As the rental market continues to tighten throughout 2023, property investors must stay informed, adapt to changing conditions, and adopt strategies that align with the evolving landscape. By keeping an eye on market trends, anticipating future shifts, and conducting thorough due diligence, property investors can position themselves for success in this dynamic and ever-changing market.
Want to secure your next profitable investment property? Contact Mirren now.
The Power of Positive Cash Flow Properties: Unleashing Your Investment Potential in Australia with Mirren Investment Properties
Are you ready to embark on a rewarding journey towards wealth prosperity through property investment? Look no further than the realm of positive cash flow properties. These gems of the real estate market have the remarkable ability to generate rental income that surpasses the costs of ownership and management. By investing in positive cash flow properties, you not only ensure security but also unlock the potential for long-term equity.
How do you go about finding such lucrative investment opportunities in Australia? Here are five invaluable tips to guide you:
Seek out high-yielding suburbs:As you delve into the world of property investment, pay close attention to market data on high rental yield suburbs. This vital information empowers you to make informed decisions and identify properties with the greatest potential. By focusing on affordable properties in high-demand areas, you can optimise your returns by minimising mortgage payments.
Embrace the allure of multiple-income properties:Consider the immense advantages of investing in multiple-income properties. These versatile properties are divided into several units or dwellings, such as duplex houses or multi-family homes, dual income properties. The beauty of these properties lies in their ability to generate higher rental returns through multiple tenants. The demand for such accommodations is substantial, particularly in areas catering to students or the elderly.
Harness the Potential of Off-Market Properties
In your quest for positive cash flow properties, consider exploring the hidden world of off-market properties. These are properties that are not actively advertised or listed on popular real estate websites. Instead, they are often discovered through personal connections, networking, or engaging with property professionals who have insider access.
Off-market properties can be a treasure trove for investors, as they often come with less competition and the opportunity to negotiate favorable terms. By tapping into this less-explored market, you can uncover unique investment opportunities that have the potential to deliver strong positive cash flow.
4. Tap into regional areas’ potential
Expand your horizons beyond capital cities and explore the untapped potential of regional areas. Regional town centers and mining towns present fantastic investment opportunities. These locations often offer affordable properties with significant demand. By capitalising on the unique dynamics of regional markets, you can find positive cash flow properties that propel your wealth creation endeavors.
5. Leverage the expertise of Mirren Investment Properties
Navigating the complexities of property investment requires a trusted partner by your side. Mirren Investment Properties stands ready to guide you towards your investment goals. Our team of seasoned professionals possesses an intimate understanding of the Australian property market.
We tailor our approach to match your unique financial fingerprint, ensuring that you secure the right property for your investment portfolio. With our timely insights, comprehensive support, and unwavering commitment, we empower you to make informed decisions and embark on a seamless and rewarding property investment journey.
Perth, the capital city of Western Australia, is a fast-growing state that is witnessing an unprecedented rate of change and expansion. The city is a hub of industry, infrastructure, and economy, making it an ideal destination for business investment and migration.
Perth is the resource and energy capital of the Indo-Pacific Region. It has attracted billions of dollars in investments for significant projects, including world-class sporting and entertainment venues, a new state museum, and airport upgrades. The City of Perth is transforming urban spaces into thriving new centres, with parks, public places, and facilities celebrating Perth’s natural features and energy.
Perth is adapting to changes in global demand by expanding its economic base to include more service-based industries, such as education, health, and hospitality.
The economic success over the past ten years has seen a significant increase in companies establishing or relocating their national and international headquarters to Perth. This trend is expected to continue as the economic importance of the Indo-Pacific region gains further momentum.
Perth’s multicultural heritage, enviable lifestyle, natural landscapes, and idyllic climate make it an ideal place to live, work, and invest in property. Due to interstate and overseas migration, Perth is expected to become Australia’s third most populous capital city by 2028.
The Western Australian Government is investing heavily in infrastructure. Major projects such as Perth City Link, Metronet, Forrestfield-Airport Link, Perth CBD retail upgrades, Woodside Tower, Optus Stadium, Yagan Square, Elizabeth Quay Busport, and more are transforming the city and creating incredible job opportunities.
Perth’s abundant energy wealth, skilled workforce, and cutting-edge technology make it a significant international hub for the global energy resources sector.
The city has one of the world’s most educated, multicultural, and multilingual workforces, making it a rapidly developing innovative research ecosystem and a thriving startup hub. Australia’s generous tax incentives for research and development make Perth an ideal place for innovation.
In conclusion, Perth is a rapidly growing and evolving city that offers an ideal destination for business investment, migration, and property investment. Its prosperous economy, beautiful scenery, and excellent essential services make it an ideal place to live, work, and invest.
Are you looking for an ideal investment property in Perth? Contact us today!
Median house price: $480,000 (April 2022 – March 2023)
Median house rental value: $480 PW (April 2022 – March 2023)
Transport: car, train, bus
Population: 6296 (2021)
State: Western Australia
Location: Part of the Alkimos-Eglinton region
Alkimos is a beautiful coastal suburb northwest of Perth CBD, 46km from Perth CBD. More than 6296 residents call Alkimos home. The suburb is predominantly a coastal region covered in native banksia woodland and surroundings typical of the Swan Coastal Plain.
This suburb offers the best of all worlds, with beautiful scenic vistas all around, easy access to schools and amenities, relaxed coastal setting with good connectivity. It is extremely family-friendly, with ample bushlands and playing fields and stunning ocean views as far as you can see.
The suburb, along with Eglinton, is in line to be an important part of the city centre. With the proposed extension of the rail link and Mitchell Freeway, all nearby centres become readily accessible, making Alkimos one of Western Australia’s in-demand, sought-after residential suburbs.
The suburb has several educational institutes, like Alkimos Primary School, Alkimos College, John Butler Primary College, Alkimos Beach Primary School, etc.
Real Estate Market
The median house price in Alkimos is $480,000, which increased by 11.6% over the past 12 months, while houses rent out for a median rental price of $480 per week, with an annual rental yield of 5.48%.
Last year there was an increase of 11.6% in median house rental price, making Alkimos a good property investment choice.
Lifestyle
Alkimos is a friendly suburb with many young families, good schools, a beautiful coastal vibe, several retail shops and good connectivity. Households in Alkimos are primarily couples with children. It is just 6mins to Eglinton and is seeing an upward development trend, with several projects promising a great future for this serene suburb. Several newly built homes on offer reflect the same airy, coastal look.
Why Invest here?
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Alkimos is on track to be a highly sought-after city centre with the extension of the rail link and Mitchell Freeway.
The blend of the coastal lifestyle and the convenience of schools & amenities nearby make it attractive.
has a growing real estate market, with its house values & rental income showing an upward trend.
Several new developments and a wide range of properties to choose from within an affordable range.
Looking for a great investment property in Alkimos, Western Australia? Contact us here.
Median house price: $449,000 (Feb 2022 – Jan 2023)
Median house rental value: $410 PW (Feb 2022 – Jan 2023)
Transport: car, train, bus
Population: 8979 (2021)
State: South Australia
Location: Northern suburb of Adelaide, located Northeast of Elizabeth.
Blakeview is the Northern suburb of Adelaide, located 29km from the Adelaide city centre. More than 8500 residents call Blakeview home. The suburb is located in the City of Playford and is predominantly a residential suburb with two commercial and two educational areas.
Real Estate Market
The median house price in Blakeview is $449,000, increased by 18.8% over the past 12 months, while houses rent out for a median rental price of $410PW with an annual rental yield of 5.2%.
Last year there was an increase of 12.3% in median house rental price, making Blakeview a good property investment choice.
Lifestyle
Blakeview is a friendly neighbourhood with many young families, good schools, and several retail shops. Offers convenient living with many amenities, including Woolworths, BWS, news agencies and doctor clinics. The Elizabeth City Centre and Munno Para Shopping Centre are also nearby. There are plenty of school and childcare centres, parks and playgrounds.
Why Invest here?
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Blakeview has a growing real estate market, with its house and unit values on an upward trend
Several new developments and a wide range of properties to choose from within an affordable range
Looking for a great investment property in South Australia? Contact us here.
Median house price: $352,250 (Jan 2023)
Median house rental value: $400 PW (Jan 2023)
Transport: car, train, bus
Population: 90306 (ABS 2021 Census)
State: Western Australia
Location: Southwest coast of Western Australia
The City of Mandurah is Western Australia’s largest regional city located along the Southwest coast. More than 90,000 residents call it home with an average increase of 1500 more residents each year over the past five years.
Mandurah offers a relaxed coastal lifestyle. Attributing to the expansive waterways of the Peel-Estuary and Serpentine River, Mandurah has some of the best water-based activities in Western Australia. From luxurious homes with water-front views to family homes and modern apartments, it has a mix of residential developments.
Real Estate Market
The median house price in Mandurah is $352,250, increased by 11.8% over the past 12 months, while houses rent out for $400PW with an annual rental yield of 6%.
Last year brought a substantial increase, 14.3% in median house rental price, making Mandurah a good property investment choice.
Lifestyle
Mandurah is a vibrant mixed-residential and commercial suburb. Well-known as an exciting sea change destination, Mandurah is home to a major shopping centre, retail outlets, great restaurants and much more. Connection is via the Mandurah Train station which is the fastest option to travel to the Perth CBD and surroundings. It has several local schools like the Mandurah Primary School, Mandurah Catholic College, Mandura Baptist College and Fredrick Irwin Anglican School.
Why Invest in Mandurah, WA?
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Mandurah provides a relaxed coastal lifestyle with a unique work/life balance opportunity that many renters are attracted to.
Named as one of the world’s most liveable cities in 2011.
Mandurah has a growing real estate market, with its house and unit values on an upward trend.
Growing population with a forecast of 119,877 in 2036.
Several new developments and a wide range of properties to choose from, within an affordable range.
How to prepare your investment property for summer?
Since you have invested both time and money in your property, you must take care of its upkeep. You need to maintain its good condition to attract potential tenants or buyers while looking after the house and preparing it for the changing seasons.
Fires, droughts, flash-floods- we’ve seen them all. This allows us to get an idea of how to prepare our property for whatever weather conditions or calamities the future has in store for us.
Invest in smoke alarms
Your property needs to meet the minimum legislated safety requirements, hence the need for proper smoke alarms. Property owners’ responsibility is to protect our houses from fire hazards: installation, upkeep, and updating of smoke alarms. This is the time to make sure all smoke alarms are in order.
Clean your gutters
Aside from smoke alarms, if you want to prevent fire in bushfire season, you need to clean out the debris in your gutters. If left unchecked or uncleared, it could also cause a block up in gutter drainage, leading to further complications like gutter sag and mildew. It’s better to prevent disaster than wait for it to happen.
Ask your tenants about their plans
It’s good to keep updated and keep open communication channels with your tenants, especially if you want them to re-sign the lease. Good tenants are hard to find, which is why you need to keep them satisfied and happy by asking them if they need repairs or any maintenance in the house. If you keep your tenants happy, you get to save on advertising and vacancy costs.
Maintain the garden
Don’t wait for the summer sun to get too hot. Before the summer gets too intense, take care of your property’s lawn or garden. Weed it, lay some mulch, and plant colourful plants and flowers. Clean the windows too, and do all the needed repairs. You can even spruce the window panes up with a fresh coat of paint.
Install insulation
If you want to attract tenants or keep the ones you already have, you may want to consider installing insulation. While it may mean a higher weekly rent for your tenants, it also reduces their electricity bills as they won’t need to spend as much heating or cooling the place.
Make sure no one is subleasing your property without your knowledge.
If a tenant heads home for the summer and subleases the property while they’re away, they need to ask for your permission first.
Summertime for Australia means the holiday season, so it is best to prep in advance to avoid any last-minute fixes during the break.
Looking for a new investment property? Contact us to find out more.
Adelaide is quickly becoming a property hotspot for seasoned and first-time investors alike. Adelaide property market has some unique features that make it unique and favoured by investors.
Over the years, the South Australian capital has gained considerable traction. Adelaide has shown recorded steady growth over the last five years. The lifestyle, scenic hills, magnificent wineries, fabulous beaches and convenience and many other perks, including top institutions and lucrative employment opportunities, make it favourable for property investment.
South Australian capital managed to prevent economic downturns through the pandemic. While some other Australian capitals have shown reduced growth, Adelaide’s property market remains steady.
Recent investments in infrastructure have created more employment opportunities and improved the overall liveability of the area.
The housing values of the Adelaide property market have increased by over 1%, and the median house prices to $642,470. Rental demand is high, and vacancy rates are very low. Rental yields have gone up, making it ideal for property investors.
Compared to other Australian capitals like Melbourne & Sydney, Adelaide properties are much more affordable. Higher demand and lower supply have to lead to the growth of Adelaide’s property market.
Invest in Adelaide with Mirren. Let us match you with a property that perfectly aligns with your property investment goals. Contact us for a no-obligation complimentary strategy session.