Here are our five reasons why we believe property should be in your financial plans this year:

1. You need more than one income stream

With the job losses and business closures, one thing the pandemic has taught us is, you need more than one stream of income.

A passive income from an investment property can also be a buffer to help you weather financial storms, as well as be a boost for your income when times are good.

2. You have a physical asset

With property, you have a physical asset, and while the property market does go up and down, other investing options may be more volatile and incur more risk.

You can do lots with a physical asset – take a look at our blog, 6 reasons why investing in property is better than shares to learn more.

3. Rents are on the rise

Property data specialist CoreLogic’s quarterly Rental Review shows the national rental index increased 1.9% during the December quarter, a repeat of the figures recorded in the September quarter.

Despite quarterly growth rates easing since peaking in March at 3.2%, the national index recorded its highest annual growth rate since January 2007 in November at 9.44%, before falling slightly in the 12 months to December at 9.40%.

Obviously, if rents are rising, for the investor, this means more income.

4. Interest rates are still low

At the start of the month, the Reserve Bank of Australia announced that the cash rate remained unchanged at 0.10%.

It also stated the Australian economy remains resilient and spending is expected to pick up as case numbers trend lower. The RBA’s central forecast is for GDP growth of around 4¼ % over 2022 and 2 % over 2023. This outlook is supported by household and business balance sheets that are in generally good shape, an upswing in business investment, a large pipeline of construction work and supportive macroeconomic policy settings.

With this economic confidence, there are some great deals on finance options for those looking to buy.

5. Our special offer for new clients

Request further information from us regarding our services now, and should you decide to appoint us, we are currently offering new clients a 25% discount for the first 12 months off our management fee. (This is for our Comprehensive Management Package).

Our management team consistently outperforms our competitors; because of our marketing and property management strategies, our properties are leased in well under the average time period of other agencies in our area, and our vacancy rate is under the REI average for the last 12 months.

Take a look at what our management and sales teams have been doing in our January report here.

Having been property managers for nearly 50 years, we know how to maximise rental return and help you get the best from your property.

We’d love you to get in touch to tell you more, and also tell you how our property management services can make your life easier.

Drop into the Cardiff office or give us a call on 4956 9777. Or send us an email at mail@newcastlepropertymanagement.com.au – we’ve helped many people realise their financial dreams through property and we’re keen to help you.

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