Is your property investment portfolio reflecting your current needs?

Property investing should never be a 'set and forget' exercise. You need to review your portfolio regularly and make adjustments in line with life and market changes.

Careful, ongoing portfolio management will enable you to maintain/increase your returns and manage your risk. This includes monitoring your loan structure, making sure you get the most out of tax concessions/deductions, and keeping tabs on ongoing costs (e.g. yard maintenance, repairs) associated with your properties.

Below is a very general list of questions you need to ask yourself.

If you are not sure of your answers, why not book in for a free initial consultation with one of our directors. We can discuss your situation and address other options available to you, obligation free.

For a free initial consultation and review of your property investment, call us on (07) 3252 3785.

Did your (or your partner's) employment situation or net income change?

If your income has decreased, this may impact adversely on the affordability of your investment. On the other hand, if your income has increased, you may be able to make higher re-payments that will ultimately work to your advantage.

Has your lifestyle or personal circumstances changed?

For example, are you recently single or partnered? Have you recently had a baby or taken out a loan for a car? These types of changes can affect your ability to service your property investment loans, which means you'll have to adjust your portfolio or refinance.

How much are you spending on maintaining your property?

If your property investment is costing you more money than you are actually making from it, it might be time to reconsider your situation.

What is the quality of your tenants?

Do your tenants look after your property? Do they pay rent on time? Do you have long-term tenants? They key to maximising the return of your investment property is to secure quality tenants for the entire year. If you can't get this, it may be time to consider changing property managers.

Are you sure that the structure of your mortgage is meeting your current and future needs?

Will it allow you to add to your investment property portfolio in due course? Does it minimise the interest you are paying?

For a free initial consultation and review of your property investment, call us on (07) 3252 3785.