There is no telling how much Australian land is held by foreigners. Because of the vastness of Australia and the availability of low cost, high quality land and property, Australia is ripe for foreign investors. Unfortunately, the more land that is bought by wealthy foreigners, the less land there is that is available to Australians for investment. In fact, not only is availability an issue, but cost also becomes an issue as wealthy foreign investments drive up the market price of land and property. In fact, a recent report states that international inquiries into property purchases are at their highest rate ever, despite (or due to?) the worldwide economic.
This fact makes it important for Australians to invest in their own country. Perhaps you can purchase an investment property that will be a source of future income and add to your nest egg. Rental rates are on the rise, so now is a perfect time for those that want to purchase an investment property. Not only will you be helping the local economy, you will be helping yourself, and others that are desperately seeking quality housing. The outlook is great, so why would you go overseas and have not only an exchange risk (and did that go against the people buying in the USA or what…) but also a legislative risk. Why would anyone want to increase their risk profile when so much opportunity is available in Australia?
Why should you purchase an investment property?
- Income and Asset Growth: Once you have purchased an investment property and have successfully rented it out, this will ensure that you have a stable income that will ideally provide enough cash to cover the expenses of the investment property initially. Over time it will pay you, on top of Capital Gain.
- Credit: An investment property provides you with a way to boost your credit rating. It will show your lender that you are a good risk, for when you want to invest into more property.
- Retirement: You can provide for your retirement. The leverage available through property investment is second to none.
- It’s easy: If you purchase a new home, there are few issues that need to be taken care of. The “Set and Forget Strategy” is what we love…This is in contrast to older homes that might require costly repairs or renovations and will thereby steal not only your valuable time but quickly can erode your return to nothing.
All in all, there are too many advantage to go into here, rest assured by you working with us, we will lead you
through the intricacies, and make sure that your purchase is set up the best possible way towards you
achieving your goals.
Property Friends is a specialist Property Investment Advocacy that has been operating for the last 13 years on the basis of 3 principles: Trust, Community & Progress. www.propertyfriends.com.au (03) 9758 5331
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