Westpac Group. This includes management of mortgage, transactional, savings and investing products and associated services. Prior to this role, Andy was Head of Everyday Banking, where he was responsible for the product management capability for all retail brands across the Westpac Group, including savings and mobile payments. Where indicated, third parties have written and supplied the content. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. We strongly recommend that you obtain independent advice before you act on the content. That’s why house prices closer to capital cities (where land is scarce) tend to rise more than prices in regional areas (where land is abundant).A suburb with more expensive neighbouring suburbs often enjoys higher growth. That’s why we look for locations near schools, universities, shops, transport and other desirable infrastructure. In doing this you’ll need to calculate all the exact costs and all income before you purchase. Similarly, you don’t want a property where things need repairing every couple of weeks. If you’re pondering between choices two and three, you should seek professional help from a financial advisor. You’d then look to sell the vacant land for a profit. The landlord then has the option to charge rent at a higher-than-market rate. This rent is counted as payments toward the purchase of the property. A fee of about $3,000 is charged to the tenant as compensation for a deposit. They are talking about introducing new tax laws to stop this from happening. The major problem with that strategy is that investing takes a lot of research to do it properly. For instance, say that $200,000 property we were talking about earlier is a single-detached unit with a detached garage. Because this is the case, it demonstrates that it’s even more important for you to be actively involved in a specific real estate market so you can find deals on positive cash flow properties as soon as they become available.