I hate to say it…
But there’s something wrong with the Australian Investment Property Market as it stands here in 2024:
There is a lack of quality TAILORED strategy.
Instead, all too often, we’re seeing the sausage factory investment companies of the world push out the same investment for each and every client, without taking into consideration the real, tangible factors that impact long term financial success.
How would you feel if you went to the doctor, and they gave you a script for medication – before they’d even heard what your problem was?
It’s the same idea as investing without taking into consideration YOUR unique goals, budget and circumstances.
That’s why, at InvestHer, we pride ourselves on ensuring every one of our clients’ investments totally align to their needs. We do this through our 4 step process to ensure a smooth and seamless experience, where you can take as much – or as little control as you’d like.
So, here’s the process:
Step 1: Let’s assess your situation
To kick start the journey to achieving those financial dreams, we need to step back and look at your situation from the bigger picture – whilst still detailing all of the smaller factors that will impact you on your investment journey.
We’ll work with you to conduct a thorough assessment of your finances and situation, where we take into account your income and family situation, as well as your assets and liabilities. From here we can ensure that we have the full picture when it comes to understanding your hopes and dreams – not just as an investor, but as a person too!
Ultimately, it all gives way to you feeling like you’re 100% on the right track to success.
Step 2: Set tangible, realistic goals
Once we’ve established your situation and circumstances, we can go ahead and really target your goals.
As well as having those big picture goals, including things like the size of your portfolio 10 years down the track, we find that breaking down the property investment process into digestible, smaller goals is what makes things feel SO much less daunting, and all the more achievable. This includes smaller goals like a timeline for ticking off your lending pre approval, or hitting a savings baseline. At the end of the day, all of these goals have to be realistic and aligned to you and your situation.
If you missed our recent blog, all about setting SMART goals, go ahead and take a look HERE – it’s a super helpful way to get on track – regardless of whether it’s financially, or any other facet of life!
Step 3: Consider Risks
As much as we always intend for your property journey to be smooth sailing – like with any investment, there is always an element of risk. Whether it’s external factors like changes to mortgage interest rates or property prices, or internal factors like loss of work or serious family matters, we’re here to help you understand the risk and mitigate them to ensure your property investment journey is exactly how you dream.
A key risk mitigation strategy for us is to always have a cash buffer – no matter how stable your income or circumstances. We typically recommend $20-$30K as a buffer for any property purchase – however, everyone’s circumstances are slightly different, so this is something we will nail down throughout our time together.
Alongside the buffer, we are also lucky enough to have a well established network of legal and finance professionals that will work alongside you to identify and mitigate any unforeseen risks in your property investment journey.
Step 4: Execute and Review
Let’s bring it all together!
Through all of this understanding of your situation, finances, risks and goals, alongside a healthy dose of clear ongoing communication, we’ll work together to bring your strategic plan to life.
The thing is, it doesn’t just finish when you’ve purchased your property. We’ll be there to review your portfolio to ensure that you are able to leverage your position to thrive as an investor well into the future.
Regardless of whether you’re brand new to the world of property investment, or a seasoned expert, we LOVE helping passionate, motivated women to thrive through their wealth creation journey.
Want to chat about getting started with InvestHer? Get in touch HERE, or give us a call on 0455 223 865 – we’d love to hear from you!
