I was recently asked when is the right time to dive into property investment. My real estate investment advice was that it's not just about the current of the real estate market – it has to be the right time for YOU.

Real estate investment advisors say knowing what amount of money you have to spend is the first question you need to ask, even before searching for investment properties.

After you have determined how much you have to spend, it is important to evaluate all of the different investment scenarios available to you to see how each will affect your investment outcomes. I refer to this as the 'what if' exercise in my real estate investment advice.

For example, what would happen if you:

• use a 20% deposit compared to 10% or 15%?
• took out an interest only loan instead of principal + interest?
• purchase an apartment rather than a house or townhouse?
• purchase or build a brand new house compare to buying an older property?
• sub-divide and develop compare to buying an investment property at retail prices?
• purchase in a suburb compared to inner city, or out of the city?

The best way to compare these options is to consult Real Estate Investment Specialists who can complete a detailed Real Estate Investment Analysis (REIA) specific to your individual circumstances, then giving you investment property advice.

At Davies Property Management the REIA is complimentary and you will then be provided with a report and verbal feedback outlining a recommended investment strategy from property investment specialists.

Once you have developed an investment strategy with your property investment specialists, you should surround yourself with a trusted group of property investment advisors such as a real estate agent, mortgage broker or a builder. Even though every decision ultimately rests with you, having expert investment property advice from trusted advisors throughout the process is worth its weight in gold.

If you don't have a group of advisors to guide you through the process, Davies Property Management has a team of property investment advisors who will happily provide any property investment advice you need to help you on your way.

If you have a question, I'd love to hear from you at jey@daviesmanagement.com

Want to get started on your property investment journey? Contact our team of Property Investment Specialists today for more information.