Investing Tips
Property investment can be one of the most daunting decisions that people make, however once many investors have bought their first investment property, they wonder why they didn’t make the decision earlier.
Property investment is a relatively simple process and can be discussed with your Peter Blackshaw agent or a tax advisor if you are unsure whether it is for you or not.
As a general guide, you should consider the following:
- Do I have equity in another property or cash of at least 10% of the value of the investment I wish to purchase?
- Can I afford $50-$100 per week if necessary to cover any shortfalls in running the property?
- Do I understand the financial and taxation implications of a property purchase both prior to and following the acquisition?
The Canberra rental market is historically strong and real estate investment is a good option for those wishing to build their future wealth.