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  • Writer's pictureCameron Bird Property Group

6 Tips To Help You Achieve Your Property Investment Goals in 2024

Updated: Dec 7, 2023


6 tips to help you achieve your property investment goals in 2024

Whether you're a new or existing property investor, it can be helpful to create and follow property investing goals. In this article, we reveal 6 Tips To Help You Achieve Your Property Investment Goals in 2024, including:

  1. Check you're in a position to invest

  2. Get clear on your why

  3. Develop SMART goals

  4. Write down your daily and weekly actions

  5. Define your investment strategy

  6. Tap into expert advice to decide on where to invest and what property type works for you


1. Check you're in a position to invest


Firstly, to invest in property, you'll need to tick these two fundamentals:

  1. Have enough cash for a deposit

  2. Be able to get a mortgage (unless you are purchasing 100% with cash)


2. Get clear on your WHY

It is impossible to achieve what you want out of property investment without properly defining your why, or the true purpose as to why you want to invest.


There are a few different ways to define your WHY, some include:

  • Creating a vision board of where you want to be in 5-10 years

  • Write down the reason/s you want to invest for example: to help my family, to create intergenerational wealth or to retire early


Once you define your why, then you can start to develop the actual goals that will follow.


3. Develop SMART goals


By setting clearly defined goals in which you can measure and take great pride in, you will be able to efficiently assess your progress, increase your confidence and recognise the achievements you are making.


Using the SMART goals framework is a useful way of making goals more powerful and effective.


SMART stands for:

  • S - Specific

  • M - Measurable

  • A - Attainable

  • R - Relevant

  • T - Time-bound


An example of a SMART goal is:

"I will add one property to my property portfolio by October 2024. This will be a townhouse located in Queensland. I will start speaking with my Mortgage Broker in August, and start the search process in September."

4. Write down your daily and weekly actions


Setting goals is the easy part, the hard part is keeping yourself accountable to the goals. However, this can be done easily by writing down your daily and weekly actions.

For example, taking the SMART goal mentioned in point 3, a daily and weekly action list could look like:


Daily Tasks:

  • Reach out to Mortgage Broker

  • Reach out to Property Investment Specialist

  • Research areas in Queensland to invest


Weekly Tasks:

  • Save $500 per week towards a deposit

  • Review investment goals at the end of each week

  • Review savings and outgoings at the end of each week


5. Define your investment strategy


There are many different ways to make money from property in 2024. Some of the main ones are:

  • Buy and hold property for long-term growth and income

  • Residential property investment

  • Commercial property investment

  • "Flip" properties for a short-term profit

  • Build or develop property, to either sell or hold


To get clear on the right strategy for you, book a call with a property specialist today.


6. Tap into expert advice


Tapping into expert advice will help you decide on where to invest, and what property type works for you.


Location is integral to acquiring a good investment property.


The location of the property can be the hardest piece of the puzzle, if selected well, it has the potential to generate large amounts of capital growth over the long term, if selected poorly you may find it hard to re-invest.


Some things you can research before investing:

  • Jobs: What's the employment like in the area?

  • Schools: Check out the local schools suitable for tenants

  • Shop: Is the property close to shops, cafes and restaurants?

  • Transport: Decent public transport, and proximity to motorways

  • Recreation: Are there areas for recreation around? Such as parks and beaches


To explore a range of high-performing Queensland locations for investment, book a call with a property specialist today.


The type of property you are purchasing is a crucial element that helps to get assistance from property experts. Property types can vary from:

  • Freehold Houses

  • Townhouses

  • Apartments

  • Mixed-Use (Residential and Commercial)


Remember, once you've decided where and what you'd like to buy, look at the sale and rental prices of comparable properties in the area to get a good idea of what your rental yield is likely to be.

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