Riley Ley who just bought an investment property, Rochedale. Picture: Liam Kidston
Riley Lye knows what it takes to get into the real estate market.
The 30-year-old this week settled on her first investment property — a three-bedder she bought off-market and with a pre-approved loan.
“As a young professional, I decided the best investment for my cashflow was property,” said Ms Lye, who works as a new home adviser with Metricon Homes.
“I feel it’s the safest and best return, especially with the Olympics pending.”
Riley Lye, who lives in Newstead, this week settled on her first investment property.
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Ms Lye, who owns and lives in an apartment in Newstead, got her pre approval organised before she started her property search.
“The pre approval process was easy and my broker’s process involved how risk adverse I was,” she said.
“I don’t mind a bit of risk so that was something he factored in.”
Buyers’ agent Lauren Jones
Once she had her budget, she engaged buyers’ agent Lauren Jones to help her find the right investment.
Ms Lye paid $673,000 for a three-bedroom house in Crestmead, in Logan, which settled this week.
“I decided on a buyers’ agent as I wanted to be detached and knew the emotional turmoil that comes with buying a property,” she said.
“My time was also a bit more important to me.”
Ms Lye said she expected the southeast Queensland property market to continue to climb.
Ms Lye said she expected the southeast Queensland property market to continue to climb.
“From a real estate and building perspective, the government tenders going out to trades for Olympic infrastructure suggest it will be heavily incentivised to make sure it’s done timely,” Ms Lye said.
“Trades are going to cost more and buildings will cost a lost more which will push up prices.
“I can’t imagine a shift in market where home prices will go backwards.”
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