Are you searching for your next investment property? While onsite real estate auctions and public open for inspections are currently restricted due to COVID-19, in truth there isn’t any need to venture far from home to find your next property asset. Thanks to technology advances and easily available information, property investors can complete the vast majority of their research online and over the phone in 2020. Here’s how to do just that.
Researching promising suburbs
There is a wealth of information out there to help investors narrow down the search for promising suburbs. CoreLogic (formerly RP Data) and the Australian Bureau of Statistics are both invaluable sources of specific and local data, as are the free suburb reports at Residex. It can also be beneficial to consider where infrastructure is being upgraded within metropolitan areas, and how this might affect the neighbourhood in the near future. For example, the new Sydney Metro will mean rapid commutes from areas such as Waterloo once it is complete.
Explore online brochures and listings
Off-the-plan apartment sales could be an ideal option for an investment property right now, because you can research each development in detail online and lock in current prices. Nearly $9 million worth of off-the-plan apartments sold in mid-February and early March for Mastery by Crown Group, showing a strong demand for its stunning Japanese-inspired architecture and harmonious interiors.
Investors can choose a reputable developer and explore their properties for sale within their suburbs of choice. Crown Group, for example, provides exceptional options for luxury apartments in Sydney for sale in Waterloo, the Sydney CBD, Eastlakes and Green Square, with plans in the works for Melbourne and Los Angeles. You can view the vision, location, architectural inspirations and interiors for each of these current developments online and enquire about available properties.
Each Crown Group apartment listing includes a 360º virtual tour using Matterport software, which allows you to explore individual rooms and living spaces as if you were walking through in person. You might also wish to arrange a one-on-one inspection via video call with a sales agent to experience our display apartments and resort-style amenities.
Work closely with your real estate or sales agents for questions
Vendors throughout the real estate market are well suited to supply floor plans and contracts via email, allowing you to explore the options and buy an apartment in Sydney with minimal interaction in person. However, that doesn’t mean help is not at hand. Your sales agent and real estate agents are there to help you answer any questions you might have about a specific property or the buying process, so don’t hesitate to use these resources in your search for a new property. If you can carry out informed research, choose a respected developer, and identify apartments in the Sydney CBD or your city of choice that are likely to have future demand, it’s entirely possible to find a highly suitable investment property without ever leaving home.