You can invest in property even if you do not currently own a home. In fact, it can be a great way of building equity in order to become a homeowner down the track. This First-Time Real Estate Investor Guide will help demystify the property market and assist you in making educated decisions early and gaining solid returns over time.
Australia has one of the most robust real estate markets in the world. The political and economic stability Australia enjoys, along with historically consistent capital growth and the tax benefits associated with owning an investment property, all make investing in real estate a popular investment avenue.
“We have a very strong culture of property investment in this country and of course one of the reasons for that is the robust and resilient nature of returns over the longer term and the fact it is considered a positive risk asset by lenders,” says Dr Andrew Wilson, senior economist for the Domain Group.
Making well-researched decisions about the price you pay and the type of real estate you choose will have the biggest impact on your investment’s return. You also need to consider your personal budget, ongoing ability to manage cash flow and the cost of maintaining the property.
Read on for user-friendly first-time real estate investor advice:
- What type of property investor are you?
- How to finance your first investment property
- Investment property tax tips
- How to manage your investment property
- Property investor checklist
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