Hashtag

Investment Property: A Guide to the Australian Real Estate Market


Property investment in Australia is popular because it has benefits such as being less volatile than other investments. Additionally, many of the costs you may incur from having an investment property can be deducted as tax and you can also receive rental income for the property before you sell it.

Another benefit of deciding to invest in property is you will be the one to make all the important decisions for your property. Such decisions include increasing its value by renovating and paying the loan more quickly. This will help to increase your equity in the investment property.

Some tips on investing in the Australian real estate market include;

Setting your goal

Before buying a property, you must make sure you can repay your loans without greatly altering your lifestyle. Moreover, you should ensure you are comfortable with the possible risks of investing in property, such as a decrease in market value and an increase in the interest rates.

Doing thorough research

You should decide if you are buying the property to generate revenue now or whether it is a long-term investment. Moreover, you must research the property’s potential for rental income, capital growth and ongoing costs.

Setting a budget

Many lenders usually request for a deposit of 10% or 20%. On top of that, you will need cash for conveyancing fees, stamp duty, insurances, interest on borrowings and maintenance costs. You should consider how your investment will be impacted by the cost of your borrowing.

Looking at your credit history

Ensure all the details in your credit history document are correct before you begin inspecting properties.

Looking for a property manager

If you live far away from your property, you might consider hiring a property manager to look after your property. You should keep in mind that you will incur property management costs.

Deciding whether you need insurance or not

There are some risks that may lead you to incur losses in your property such as acts of nature, loss of rental income and building repairs. There are many types of insurance covers you can take and the premiums you will need to pay for each depend on the insurance provider and the policy you choose to take out.

Budgeting on smaller costs

You can budget for ongoing property costs such as water rates, council rates, strata fees, property management fees, repairs and maintenance, insurance, estimated vacancy costs and other taxes like land tax.

Investing in property can bring you great returns. However, you need to do the necessary research before fully committing it. Additional ways of investing include investing through the Australian Stock Exchange (ASX) or by investing in casinos online. You’ll get benefits such as lower transaction costs, greater liquidity and diversification across different assets.

Property News Wanted


Do you have property or real estate related news to share? Prepare at least 425 words and send a pic with it to office@newscompany.com.au

Property

Expert Advice and Professional Representation: Why You Need a Buyers Agent in Real Estate

Hashtag.net.au - avatar Hashtag.net.au

Ease your home-buying journey with a buyer's agent! Get expert advice and professional representation in real estate. In the complex world of real estate, navigating the buying process can often fe...

How to Protect Sandstone from Harsh Weather Conditions

Hashtag.net.au - avatar Hashtag.net.au

Sandstone is a beautiful, natural material often used in outdoor spaces to create a timeless and rustic aesthetic. Whether it’s used for patios, walkways, or retaining walls, sandstone can elevate t...

Common End of Lease Deductions and How to Avoid Them

Hashtag.net.au - avatar Hashtag.net.au

Moving out of a rental property can be both exciting and stressful, especially when it comes to the end of lease process. One of the biggest concerns for tenants is bond deductions. A bond, typicall...

Home Sweet Home: The Adventure of Building in Melbourne

Hashtag.net.au - avatar Hashtag.net.au

Building your dream home can feel like embarking on a thrilling quest. Whether you envision a cozy cottage, a sleek modern design, or a sprawling family estate, the process of creating your perfect ...

Projects by H & H Developments

Hashtag.net.au - avatar Hashtag.net.au

H & H is one of the most famous developers, investors, and asset managers in Dubai’s real estate market. It is a Dubai-based company established by Shahab Lutfi and Muhammad Ali Hussiani in 2007...

Brisbane’s Inner West Still Seeing Insane Growth

Hashtag.net.au - avatar Hashtag.net.au

The former “poorer cousin” suburbs along the Western Corridor of Brisbane continue to see record growth, despite the ongoing risk of flood, and the less than desirable neighbourhoods. Investors tar...

Health & Wellness

Understanding AED Defibrillator: Meaning, Uses, and Importance

Hashtag.net.au - avatar Hashtag.net.au

An AED defibrillator is a portable device used to treat people who are experiencing sudden cardiac arrest (SCA). The AED defibrillator meaning refers to a machine that can assess a person’s heart rh...

How to Maintain Your Oral Health During Stressful Times

Hashtag.net.au - avatar Hashtag.net.au

Life can be a bit like an Australian outback road—full of twists, turns, and the occasional bump. During these hectic, stressful times, it’s all too easy to let your oral health fall by the wayside...

The impact of visual art on mental health and productivity

Hashtag.net.au - avatar Hashtag.net.au

In a world where stress and anxiety often take center stage, the presence of visual art in our daily environments offers a quiet yet profound counterbalance. Posters and paintings are not just decor...