Property investment continues to be in the news and across social media and despite a shifting market there is still interest in this type of investment. Historically it is one way of creating a secure financial future – and here’s some of the reasons why.
A property is a solid asset, one you can look at and make improvements to. Unlike shares, a property doesn’t just exist in an account somewhere or on a piece of paper. You can stand in the middle of your property and know it is yours. And once you have one property and it is tenanted and paying its way, you can use the equity you create in one property to help you obtain another property. A lender will have more confidence in a borrower with a tangible property asset than with a share portfolio.
Once you have a property investment you also have the tax advantages that are given to owners of rental properties through negative gearing. Expenses the property incurs can be written off against your personal taxation. This can make the end of financial year less daunting but also in the long term, provide depreciation benefits.
We all have dreams for our children and want them to be secure. An investment property is one way in which we can help them to get started in the property market. A property purchased when your children are in primary school will be a considerable asset to assist them by the time they are ready to purchase their first property.
If you are considering a move to invest in property, Accrue Real Estate are here to help you. Our years of experience and knowledge of the Melbourne property market can help set you on the path to successful property investment.