How many times have we heard our grandparents say ‘values just aren’t the same these days’? We can’t really comment on other people’s values, but we can on property values, and over the past 20 years, it’s been good news for investors; nationally property has increased by over 230 percent* and nearly 170 per cent.
There are several factors to consider when looking at property investment, and one of these is vacancy rates. In general terms, the vacancy rate is the percentage of available rental properties that are vacant or unoccupied at a particular time. High vacancy rates indicate property is not renting well while low vacancy rates can point.
If you’re looking to invest in property, here are some basics in today’s market. Understanding the market The property market does change and it is different to what it was ten or even five years ago. For starters, there are several incentives now for first-time buyers. This means depending on the property and the area,.
You live in a great area with great neighbours and you love your home. But it’s rented. And while you do want to buy so you have an asset, when you look at what you can afford, you realise at best you’ll be living in a shoebox, or at worst you’ve got to leave the.
The market does move in cycles; there are times when property prices rise considerably quickly and there are times when prices don’t appear to move at all and even decrease. For investors and homeowners alike, it’s obviously better to buy a property when the market is at the bottom of a cycle and sell your.
Many people think financial planning is for people of a certain age or income bracket, but the truth is, everyone should have some sort of a financial plan. What many people forget is that part of financial planning is working out your longer-term goals. Common goals are a dream holiday and a new car. Looking.
One question that often divides property investors is whether commercial or residential property makes the better investment. Like everything in property, it depends! It depends on your financial situation and what you’re wanting out of your property. Those who invest in residential property believe it’s less risky, however, those who invest in commercial often argue.
As well as paying the price tag for a property, there are a few other costs you’ll need to factor into your budget. Here are the main ones: Stamp duty Stamp duty is unfortunately a necessary tax levied on all properties by the NSW Government. For an investment property, you may have to pay a.
What are your financial aims? Do you want to retire early with overseas trips, or are you looking to save for children’s education? Make 2018 the year to really start working towards the financial goals and lifestyle you want, and use investing in property to help you get there. Property is an investment that has.
Some say, once you have bought a property for an investment, you should never sell it. However, like everything in property investment, or any other types of investing for that matter, there is no hard and fast rule. When to sell an investment property will vary according to goals, and of course, personal circumstances. People.