National Brokers Network

How to plan for your first property investment


The real estate industry in Australia is bustling with activity these days. It comes as no surprise when people say they want to invest in a property. Are you thinking of doing the same? Here’s a checklist of three things you need to do before making your first purchase.

Compute – check your savings and deduct your monthly expenses from it. Don’t forget to take any existing loans and other payables into consideration. If you still have enough after making the investment and then some, you’re all set in this department.

Study – investing in a property is no small feat, which is why you need to gather all the help and information you can get, especially if it’s your first time. You will need advice from your mortgage broker, accountant, and builder to be sure you are taking the right steps. Don’t rush into a sale so you don’t risk regretting your decision in the end.

Anticipate – the real estate industry is not always stable. As a matter of fact, it can be quite unpredictable too. You need to prepare for any unexpected (and possibly unwanted) scenarios to arise. It is better to assume the worst and be prepared for it, rather than to plan for just a single situation and to get stuck in an entirely unexpected one afterwards.

A good example of this is the interest rate. It is a known fact that current interest rates are low, but just the same, it is better if you assume them to be higher so that you can be certain you have enough to cover everything. If it ends up being lower than what you originally expected, that’s a bonus for you.

When it comes to property investment, adequate costing, planning, and research will help you make the right decision at the right time. It is during this period that you need patience, determination, and discipline. You will surely gain amazing rewards if you adopt the right strategy.


Confidentiality Agreement

In Consideration of the Vendor of the subject business, or any other business introduced to the Proposed Purchaser and their agent National Brokers Network (“the agent”) providing information to the Prospective Purchaser, the Prospective Purchaser agrees:

1. To keep all information provided confidential in respect to the subject business and any other business introduced to the Prospective Purchaser by the Agent.
2. That no information is to be disclosed by the Prospective Purchaser to any third party without consent by the Agent;
3. That it will not use for themselves. Or for others benefit, such information other than to Purchase the subject business or other business introduced by the Agent;
4. That any agreement to purchase the whole or portion of the business shall be exclusively through the Agent;
5. To immediately return to the Agent all such information and other details in written form including any drawings and any copies made of written information, notes, summaries or extracts of any document therefor if any when requested by the Agent;
6. Under no circumstances will the Prospective Purchaser make direct contact with the vendor of the subject business or other introduced business without the prior written consent of the Agent;
7. If the Prospective Purchaser breaches this agreement or buys the business direct from the Vendor, the Prospective purchaser is liable to and indemnifies the Agent for any and all losses the agent may incur including economic loss and loss of income.v

Client Signature (Sign on the box below)