Is property a good investment?

I’m often asked,”Is property a good investment?”, and, in my profession, I’m a little biased. So let’s take a look at the pros and cons of investing in today’s market.

PROS
High Rental Demand – most capital cities and major regional hubs have very low vacancy rates, which can lead to higher rental income for investors.

Growth – one of the things we love about property is its growth potential and the fact that we can see it, giving you a greater sense of security over your investment.

Cashflow – depending on your investing strategy, you can aim to buy a property that is “cashflow positive”.

Tax Advantages – Many investors claim deductions for interest, depreciation, maintenance and other expenses.

Equity – the combination of paying down your mortgage and value growth of the property you can build equity that could be used to buy your next property.

CONS
Interest Rates – whilst rates are higher than they’ve been for decades, so are rents, so it tends to balance out depending on your investing strategy.

Finance – In today’s market it can take longer and be harder to secure finance, so you need to know your borrowing capacity.

Property Cycle – the key is to understand the commentary around the cycle whilst keeping your eye on your own timeframe and strategy.

Property Manager – a good property manager is vital, but it’s always recommended that you’re actively involved in the management of your investment.

Opinions – everyone seems to have their own opinion on what makes a great investment decision, but they don’t know your strategy or your end goal.

This is where we come in – especially at times like this when there is a short supply of properties on the market. We can work with you to define your investing strategy, look at your options and research the different markets across the country to find you a shortlist of properties to choose from. Initial strategy meeting and property selection is at no cost to you.

Do something different now that will have a huge impact on your future.

Please email me to arrange a time to discuss your plans.