It’s a common thing to hear people say “I wish I had bought that house back then, by now it would be worth…..”
People often stay on the sidelines when it comes to buying an investment property and when they decide to buy it's to late.The people who successfully build wealth over time, realise that it’s actually about time in the market that makes the difference. Consistent long term acquisition of a portfolio of property is a safe consistent way to approach investment. A strategy to buy investment property over time is a good idea.
When you buy investment property it is a long term investment. Buying and selling is not like shares were you can get your cash in a few days. However unlike other investments you can frequently borrow against property in a way that is not possible for other asset classes.
Australia has a growing population and has done so for decades. Presently Australia is not providing enough new dwellings (houses & apartments) to accommodate the growing population. This means vacancy rates for investment properties are low, and almost not existent in some areas. As a result property investors are enjoying rising rents and consistent incomes. This is a perfect scenario for an investor looking to buy investment property.
If you are already a home owner with equity in your house, you may be in a position to act now to buy investment property, and using the equity in your home, without requiring cash for a deposit.
Investment properties are paid for by a combination of 3 things;
* cash from rent,
* tax deductions from your expenses such as your investment loan, depreciation and management costs,
* contributions from you the investor
We understand that Each person’s circumstances are different and at RNProperty Group we can help you with a complimentary appointment, to discuss with you any questions you may have around buying an investment property and how to get started.
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