If you're planning to invest in a home or apartment in Wollongong, you'll have plenty of things to think about before you take the plunge.
This scenic coastal community has something for everyone – and the type of investment you choose will largely be determined by the type of tenants you want to attract.
Urban professionals, for example, might be drawn to properties located close to major transport hubs – allowing easy access to Sydney, as well as the Wollongong CBD.
By contrast, family tenants may instead prefer the tranquility of the outer suburbs – and proximity to schools, cafes and shops will be an important factor to consider. Other appealing neighbourhood factors include parks, places of worship and community facilities, including libraries or gyms.
You'll also want to think about additional factors, including the age of the property – which will affect the time and money you spend on maintenance and upkeep – as well as the amount of time you want to dedicate to managing your investment.
Becoming a landlord is no small task – and if you are thinking about taking on the challenge, it might be worth considering whether you could use some help with property management.
At MMJ Real Estate, we can help to take the hassle out of managing your investment property – helping you to maximise your returns and minimising the potential inconvenience on you.
Our expert team can manage your investment property on your behalf – helping you find the perfect tenants, collecting rent and making arrangements for inspections, leases and any repairs that may arise during the course of a tenancy.
Property management professionals can be particularly useful if you don't live locally – if you're based elsewhere in NSW or out of state, we can be a quick and easy point of contact for your tenants and can act on your behalf to make any necessary arrangements.
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