How To Acquire Your First Sydney Property Investment | PIA
PIA Marketing     Published on  08/02/18

An investment property can be a solid financial move for your future. Whether it’s to boost your retirement plan, retire early or set your family up, an investment property can be a step in the right direction.

You’re not just investing in property, you’re investing in a financial plan. Investing in real estate is a long term plan so take the time to talk to your partner, your PIA consultant and your finance broker about your plan. By setting clear goals and timelines, you’ll have a better chance of achieving them.

At PIA, we can show you how attainable a Sydney property investment really is. Our streamlined and simplified process removes the confusion surrounding property investment for your benefit.

Our team will be with you through every step of your investment journey. Together, we can build an investment portfolio which leads to your financial independence.

Your journey to financial freedom begins here.

Step 1: Finance and Pre-approvals

It is important to consider your short and long term goals and review your finances.

Check your credit rating - Start budgeting to ensure you are able to balance your income and expenses in order to plan for greater upcoming expenses. You should also consider reducing your credit card limit and minimising your debt.

Find out if you qualify for a bank loan - Discover your potential borrowing power by speaking to your bank, credit union, broker or financial adviser. Otherwise, contact an OAK Lending consultant for obligation-free advice on your pre-approval status on 1300 006 625 or at Pre-approval comes from your mortgage broker or directly through your lender.

Step 2: Select and Reserve your Property

Explore and research the properties available, then compare and choose the one that suits you. PIA have thousands of properties available all across Sydney. You can secure the right to buy it by simply completing a Reservation Agreement and paying a $1,000 deposit.

Step 3: Review the Contract

Your solicitor or conveyancer will review the contract for sale independently and make sure you understand what you’re signing up to. They will also negotiate with the seller’s legal representative on contract conditions, making the process of documentation and settling easier.

Step 4: Sign the Contract for Sale

If you want to go ahead with the purchase, you’ll need to return the signed contract and pay the balance of the $5,000 deposit. If you don’t want to proceed, let us know and we’ll return the deposit you paid earlier.

Step 5: The Contract Exchange

Once you’ve exchanged signed contracts with the seller, you’ve secured the property. You’ll need to pay the balance of the 10% deposit. You won’t need to pay the balance of the purchase price until the property is settled.

Maximising your Investment

After settlement, it’s time to take ownership and move in, or sign up your first tenant. If you’ve taken out the PIA Rental Guarantee, you’ll already know what rental yield you’ll receive.

For off-plan purchases, settled properties come with a 90-day warranty maintenance period.  For any defect issues identified within the first 90-days after handover, these are submitted by the purchaser to the Builder on a warranty claim form.

Our five-step process to selecting, buying and managing a property helps take the stress out of building your wealth. We’ve outlined the basics here. For more information, make sure you review our ‘Prosperity through Property’ brochure or view our properties for sale in Sydney to start your investment journey.

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Contact Information

Address: PIA
2 Australia Ave. Sydney Olympic Park, NSW 2127
Phone: 02 9192 2800
Fax: 02 9764 2118

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