Investing in property can seem daunting at first, but once they have bought their first investment property, many investors wonder why they didn’t make the decision sooner.
Property investment is actually a relatively simple process. The Canberra rental market is historically strong and real estate investment is a good option for those wishing to build their future wealth.
If you are thinking about investing in property you should consider the following:
- Do you have equity in another property or cash of at least 10% of the value of the investment property you wish to purchase?
- Can you afford to pay $50-$100 per week to cover any possible shortfall in running the property?
- Do you understand the financial and taxation implications of a property purchase both before and after the acquisition?
If you are unsure whether or not property investment is for you, it might be worthwhile discussing your options with your financial advisor. When you have made the decision to invest, one of our Sales Consultants can help you find a property that suits your needs.