Ironfish offers a 5-Step Plan to building wealth through investment properties. Traditionally, property has always performed well in terms of return on investment. It is a safe investment haven especially in volatile markets.  It is the perfect alternative to shares and managed funds. The benefits of investing in property are many including minimal cost contribution per week, high capital return AND the investment is very secure. However, approaching property investment in an ad-hoc way is not advised. To be successful, you must have a plan in mind.

At Ironfish, our philosophy is that practical knowledge and a change of mind-set can make anyone wealthy. Ironfish supports your wealth creation plan through the below 5 steps:

Start with a clear and definite objective – buying property will be one of the biggest investments you will make, and therefore it is very important you take the time to think through the reason for purchase. For example, is your objective to invest for future capital gains? Or do you want a stable income, with positive cashflow? These factors will affect the areas and type of property you look at, and can make a major difference to your future lifestyle. Ironfish can help you define your objectives.

Have a sound financial strategy - Realise that investing in property is usually a long-term strategy. The housing market is generally a 7-10 year cycle; it’s a rollercoaster ride that has highs, lows and steady patches. Always ensure you are comfortable with the advantages and disadvantages associated with a particular investment asset, and the type of loan you pick. For example, you may find a fantastic long-term tenant or you may have trouble keeping tenants – will you be able to afford the rent money lost, increased property agent costs and the home loan repayments if this happens? Ironfish can help you in picking the right investment product for you whether it is the investment property or the investment loan.

Take action – once you have decided on your objective and financial strategy – it’s time to find the right property to deliver you closer to your investment goal. Find out each area’s average rental yields, what infrastructure is in place and planned, and the property price growth that has been experienced and is expected.  Invest the time to fully understand the market – it could save you thousands. Ironfish can save you hundreds of hours of research. Click here to find out more about Ironfish's Research Department.

Follow-through with the plan – As you do your research you may find new information that you didn't think about. Use that to your advantage, though keep your original plan in mind and make sure your investment property and portfolio is consistent with what you originally set out to achieve. If at any time, you have any doubts, an Ironfish consultant is a simple phone call away to help you talk through your worries.

Create a supporting environment around you - Read property-related articles, use reputable property research companies, search the internet, plus talk to people in the know, to research the areas you are interested in buying within. Information on property is easy to gather. Ironfish regularly provides a 'Property Outlook' that will keep you updated with trends in the property market.