If you’re purchasing your first investment property or even your twenty-first, its a good idea to get some advice so you can be sure you’ll get the best possible return on your investment.
Knowledge is Power
Australians’ love affair with property doesn’t appear to be going away. If anything, we seem to be growing more obsessed with property investment. While it’s become an important part of most Australians’ wealth creation strategy, buying property can be a stressful process, no matter how many properties you’ve already purchased, so we’d like to help.
We don’t offer financial advice, but we do strongly suggest that you do your research before you decide to invest in property.
Some of the things that you should consider are:
- Location, location, location
- Yield – if you are after a long term investment, this could be really important to you. Find out what your rental return is for a long term property hold.
- Capital gain – don’t forget you need to pay tax on this, but you have to have a gain before you do – so is the capital gain big enough?
- Know your tax benefits, concessions and costs. Do your homework and make sure you know your obligations as well as your benefits.
Here is a link to some advice that may be helpful. From time to time when we see interesting information, we’ll be sure to let you know. If we have any opportunities that we think you may be interested in, we’ll post those as well.