How to Find a Good Real Estate Investment Property in Australia

How to Find a Good Real Estate Investment Property in Australia

There are many ways in which you can find a great property for your real estate investment. The problem lies in the fact that many would be investors aren't exactly certain what specific types of investment they wish to make. Unfortunately, the type of investing will greatly affect the type of property that will best suit your real estate needs. This article focuses on finding a great property for the purpose of flipping or rehabbing a property.

Seek Bargains

This is absolutely a necessary step when it comes to finding properties with excellent potential as flipped properties. Bargains are often sold at bargain prices for a reason. The good news is that many of these reasons are purely cosmetic and quite simple to fix. Finding a realtor that is willing to work with you for lower prices, bargain properties offer an excellent place to begin. If he or she is a knowledgeable professional you should have access to properties that would have been unavailable to you had you continued the search without the assistance of a professional.

Another great place to find bargains of this nature is to search through foreclosures, auctions, and homes that are preparing to enter into foreclosure. While not always the case, there are many in these situations that are willing to be a bit more flexible with the price. Never offer full asking price first. Start low and negotiate up. This may lose some properties but in the end it will be a much more profitable venture if you can get the properties you want for a smaller investment.

Know the Neighbourhood

Before placing a bid on a potential property for flipping you need to learn as much about the neighbourhood as possible. You do not want to place a family home in the middle of a retirement neighbourhood, nor do you want to place a potential bachelor pad in that type of area. You also want to avoid areas that are entering a state of decline, as the rehab efforts are unlikely to achieve the profits you are hoping to receive. Instead, look for bargains in areas that are approaching some sort of renewal or have very low crime and excellent growth potential.

If you are rehabbing a home that is meant to appeal to families make sure the neighbourhood is safe, has a relatively low crime rate, access to good schools, and entertainment opportunities that may appeal to families. These things will affect the price you are likely to be able to expect once the rehab efforts have been completed as well as the type of renovations you will need to perform on the property. Buying a property in an area that you know nothing about is like buying a property without an inspection-which brings me to my next point.

nature of the property

Property is any physical or intangible entity that is owned by a person or jointly by a group of people. Depending on the nature of the property, an owner of property has the right to consume, sell, rent, mortgage, transfer, exchange or destroy it, or to exclude others from doing these things.[1][2][3] Important widely recognized types of property include real property (the combination of land and any improvements to or on the land), personal property (physical possessions belonging to a person), private property (property owned by legal persons or business entities), public property (state owned or publicly owned and available possessions) and intellectual property (exclusive rights over artistic creations, inventions, etc.), although the latter is not always as widely recognized or enforced.[4] A title, or a right of ownership, establishes the relation between the property and other persons, assuring the owner the right to dispose of the property as the owner sees fit. Some philosophers assert that property rights arise from social convention. Others find origins for them in morality or natural law

Australian real estate

Investing in Australian real estate can be a great foreign investment as long as you know and follow the real estate rules. Foreign investors must be approved in order to purchase residential real estate, vacant land, or commercial property in Australia. Even non-citizen family members of Australian citizens must seek approval before being able to buy any real estate.

The review board is the governing body that reviews applications for real estate approval. If you wish to purchase residential real estate, commercial real estate, or vacant land, the Foreign Investment Review Board (FIRB) is the entity that helps approve or deny applications.

The board’s main goal is to ensure that homes continue to be built that can be occupied in the future by Australian citizens or people who relocate to the continent. With Australia’s growth boom there has been a slight housing shortage, especially in the more cosmopolitan areas. The board assists investors in complying with policies.

Although you may think your real estate investment meets exemption needs, it’s important to ensure that your transaction is legally exempt before moving forward with your sale. It’s also important to remember that approvals are only good for one property. You must get approval for each piece of Australian real estate you wish to purchase. There is no general approval process that grants you permission to continuously purchase real estate.

All indications have been good for strong investment in the Australian Market. One of the main driving forces behind the Australian market is the mining industry. Australia has been going through a gradual increase with the export of different materials to all parts of the world. Australia has a vast quantity of Iron Ore and other precious metals that drives these property prices. Do your research with independent third party information and cross check with the information provided by your real estate agent so that you can make a more informed decision?

Foreign Investment in China Up 17.4 Percent in 2011

Foreign direct investment in China in 2010, up 17.4 percent to 105.7 billion U.S. dollars, the government said Tuesday, despite efforts from the authorities to cool the booming economy and stem the flood of liquidity.

In the announcement numbers year after year, the trade ministry spokesman Yao Jian in a regular briefing said China attracted 14.03 billion dollars in foreign direct investment (FDI) last month, up 15.6 percent from a year earlier.

"Improving the investment environment has become a new driving force of FDI China," said Yao told reporters.

The combination of the heat of growth of the world's second largest economy and expectations for a strong currency have attracted more and more foreign investors into China in hopes of getting better results on their money.

The data was released ahead of key data that will come out this weekend are expected to show China's economy expanded 10 percent in 2010.

Beijing, which is worried about soaring food prices and property, has tried to reduce the volume of money flowing into the economy as inflation continues to soar - in November, inflation rose at the fastest pace in two years.

FDI has slowed sharply in August, up only 1.4 percent year-on-year compared with 29.2 percent in July and 39.6 percent in June.

But in September, FDI rose again, up 6.1 percent year-on-year, while in October rose 7.9 percent and then jumped 38.17 percent in November.

The data include investment by foreign companies in industries such as manufacturing, real estate, services and agriculture but exclude money put into banks and other financial institutions.

Chinese investment abroad in-sector non-financial sector rose 36.3 percent to 59 billion dollars in 2010 due to pump more money into energy projects, mining, and agriculture abroad.

Foreign investment through mergers and acquisitions of 23.8 billion dollars, noting 40.3 percent of the total.

At the end of 2010, cumulative foreign investment in non-financial sector amounted to 258.8 billion