Recent forecasts may suggest Australian house prices remain at record highs, however, experts believe opportunities are still available and continued demand will only ensure a better return for the individual investor.

Real estate can be a solid asset to add to any personal financial suite and can unlock financial freedom down the line – if it’s the right investment.

With the ability of property to be a complicated and stressful business, it is worth relying on the advice of the best in real estate.

READ MORE: Visit the stunning Sydney home that Rebel Wilson is selling

Enter Gavin RubinsteinMulti-award-winning Sydney agent and founder of the Ray White Group TRG, and most recently property ambassador for H&R Block.

Rubinstein shares his decades of real estate wisdom with Newoutlining five key areas you need to consider in order to choose the ideal investment property.

Filming at a high-profile property with co-star and buyer’s agent Simon Cohen for ‘Luxe Listings Sydney’ (L); Rubinstein (R). (Instagram)

Location

“Capital growth is an important factor to consider when dealing with investment property,” says Rubinstein. “You want to know and research areas that are growing rapidly in terms of population, economy and infrastructure.

“More often than not, you’ll find that these locations are driven by aesthetics – buy near beaches, town centers or landscape views to ensure demand is maintained.”

Forward Thinking

“Investment properties should be approached with intention, and that intention is to own and never sell,” says Rubinstein.

“It’s a long game that can provide financial freedom later in life, but know that these benefits take time to accumulate and reach your return on investment.”

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Maintenance

“Look for a property that can be rented out immediately, unless you have big plans to add value through renovations,” he says.

“For example, houses with large pools and expansive gardens require a lot of care, whereas a similar house on a smaller block can exist in your back pocket relatively hassle-free.”

Management

“Find a good property manager and let them do their job. They’re someone who can keep things tidy for you and your tenant, provide ongoing property advice, and make sure you’re getting the best possible value from your investment.

“If this isn’t your field, or perhaps your first foray into real estate investing, property managers are the best possible resource to hold you accountable for all rights and responsibilities incurred as a landlord.”

READ MORE: What Mortgage Brokers Do and When Should You Use One

Money

“Once you own an investment property, it can be quite inexpensive to maintain it, because you earn rent and get a tax deduction on many of the expenses associated with owning it,” says Rubinstein.

“Seek advice from a tax professional to ensure you fully understand stamp duty, capital gains and property tax, as they all need to be taken into account for maximum return from each financial year.

“Enlist a trusted property tax expert, such as H&R Block, as this will ensure you stay on top of every homeownership and real estate investment tax break for your individual case,” says -he.

Bonus tip: an expert support team is gold

“Buyers are often shaken up with everything there is to know about real estate investing, before they get started. It’s crucial that you have a support network of professionals you can turn to for help. reliable advice, at any stage of the investment process”, admits Rubinstein.

“An investment property should aim to increase your wealth and secure your financial future, which is why it remains one of Australia’s favorite investment vehicles.”

The information provided on this website is of a general nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website, you should consider the suitability of the information to your objectives, financial situation and needs.