What do I need to know?
When starting to invest in property it’s important to be clear on your property investment strategy. Are you going for high rental returns for the short term or are you going for long term capital growth?
If you’re thinking about investing in property for the first time, it’s important to seek professional advice. One of our professional planners will be able to help. Meet with a financial planner
Investing in property has several benefits, including the potential to:
- Generate capital growth – increase in the value of your property over time
- Generate rental income and yield – annual rental income less any costs divided by the purchase price of the property
- Gain potential tax advantages associated with negative gearing – with negative gearing you can deduct the costs of owning your investment property from your overall income, reducing your tax bill.
What are some of the things I should think about?
If you’ve decided that investing in property is the way to go, it’s important to recognise that the way you might choose an investment property is a little different to how you would choose your own home.