So, you want to win big in real estate? Property investment can be a great way to set yourself up financially, but can seem like a dangerous playground if you haven’t done your homework.
We know how important it is to make the correct investment decisions, so we are directing you to REIWA's newly created beginner’s guide to property investment to help you achieve your objectives.
There are several sound reasons supporting the idea of investing in residential property. Australia’s continual population growth, a well-reported housing undersupply and ongoing infrastructure development all underpin long-term house price increases.
Perhaps the biggest reason why property is so popular as a form of investment is that it is relatively easy to understand, especially when compared to shares and other financial assets. Property is tangible; it can be touched, renovated and customised. Yet tangibility doesn’t equate to simplicity and depending on your personal situation, property may or may not be ideal for you.
Property Investment should be a fruitful and meaningful investment.
It should go a long way toward securing your financial security. Estimating a realistic budget for your rental property will make sure you have a sound performing investment property.
Over the years I have noticed seven often forgotten or under budgeted expenses that property investors regularly make. Here they are...