Buying an investment property for the first time or building a property portfolio is a big financial commitment so you are likely to need professional advice along the way.
With the Australian residential real estate market running hot, it is now more important than ever to work with a qualified property investment advisor. Why? Because you want to avoid making a costly mistake due to inexperience, lack of time or knowledge.
According to the latest ATO statistics (FY 2017-18), only 71 per cent of Australian investors own one property and 19 per cent own two. People who own three or more properties are in the minority at just under 10 per cent. This has been the case for many years with only slight growth in numbers, which indicates that many of the investors fail to grow their investment portfolio.
If investing in property was easy everyone would be doing it, hence why it is important to rely on someone qualified and experienced to assist you on the journey.
In this blog, we explain what a property investment advisor does and why formal qualifications and certifications are important when choosing who to work with.
What does the property investment advisor do?
An experienced property advisor can help you make safe and informed decisions when investing in property. They will take time to understand your personal and investment goals and help you find the right property to suit your individual circumstances.
Unlike other agents or advisors, property investment advisors specialise in investment and should only have your best interests in mind, providing unbiased and tailored recommendations, negotiating the best deal for you and sourcing the right property or location that is likely to maximise returns over time.
So whether you want to pay off your home or debt sooner, increase your super or build a property portfolio to retire early, an experienced property advisor will consider your unique situation carefully and offer recommendations to suit you.
Investing in property is a time-consuming process and one of the biggest reasons why investors work with EKR Property. Property investing is a long-term strategy that takes time, research and understanding of the pros, cons and risks, as well as associated costs of buying, managing and selling.
If you are not willing to sacrifice time to do it all yourself, partnering with an experienced property investment advisor will simplify the process and make it more manageable for you while saving you time, frustration and money.
How to get qualified property investment advice
The property investment advice industry is unregulated in Australia, meaning there are no laws or rules regulating who can provide property investment advice. So it is important to beware of so-called ‘professionals’ or ‘property-spruikers’ who claim to offer trustworthy advice on property investment, as only QPIAs have completed the certification process for that.
PIPA exists to improve the professional standards of anyone providing property investment advice to consumers. Their voluntary Code of Conduct means that members adhere to a high set of professional standards to help protect consumers.
Qualified Property Investment Advisers (QPIAs) have the highest form of industry-recognised, specialist training and can be trusted to provide tailored and unbiased advice to consumers.
EKR Property - Qualified Property Investment Advisory & Buyer’s Agency
Edward Reavy, the Founder and Director of EKR Property is a Qualified Property Investment Advisor (QPIA® certified) and consultant, a licensed real estate agent (LREA), a build support consultant and a buyer’s agent.
Over the last 20 years, Edward has researched, sourced, negotiated and built his own significant property portfolio; and has assisted many clients in doing the same. His in-depth understanding of the Australian property market and sound property investing principles enable clients to invest safely and effectively.
As a qualified property investment advisor, Edward assists everyday Australians to create wealth through property investment. He aims to:
- educate you on why, when and where to invest;
- identify your risk profile and personal goals;
- strategically source, negotiate and secure an investment property or portfolio;
- introduce you to a team of professionals that can help, such as an investment finance broker, accountant, financial planner, solicitor and property manager;
- continually provide support and mentorship, assisting you in managing your portfolio as it grows by number and value over time;
If you are unsure about your choice of property or location and need assistance with sourcing, negotiating and securing the right property investment, don’t hesitate to reach out. Email us at email@example.com to book your 60-minute free strategy consultation session.