Buying property is considered a great investment not only because it is largely considered less volatile and a more conservative investment but because it can provide you with the comfort of knowing that real estate makes more billionaires than any other asset class. In essence, this means that it is a stable investment.
Whether you are a sound investor, first landowner or at the beginning of your financial journey – land, houses and property will be the one thing that most, if not all, financially savvy investors will direct you to start.
If you are at the beginning of your financial journey, there are a few options that are available to you. Our current government provides a helping hand for new or substantially renovated homes by giving you access to claim between $10,000 to $20,000 to put toward your new home. The amount varies from State to State so be sure to check out http://www.firsthome.gov.au/ for updated information on how much you are entitled to.
Investing in property can also be, for lack of a better term, recession proof. This is because people will always need somewhere to live no matter how bad the economy is. The same goes for land, vacant land. One day, the earth is going to run out of land and why not have your own slice to call your own? For some people, owning a home on a decent size of land is sufficient. For others, owning an acreage of land is sufficient. It really just depends on the type of person you are. Perhaps an apartment to call your own is enough, and for others, an apartment block. It really depends on the type of investor you wish to be. Now do not get me wrong, I know that starting off in the real estate business can be a very daunting process and you feel like you cannot get started because it’s just that little bit too hard to save for a deposit and then the questions arise like, how do I know a good investment when I see one? And: is it better to build or to buy? Choose off the plan or wait until established? Well, let me tell you.
Property, in one form or another, is a win win. If you hold onto the property for long enough, you will see the profit it can make you. Sell too soon and you might sell yourself short. And that is where Omnia Group comes in! We can help you get started. We can help you fill in the gaps to streamline the process and closing the deal on your investment property faster. Here at Omnia Group, we are surrounded by people who are in the know how, who have been ‘around the block’ more than once and are more than happy to discuss anything from breaking into the market, to using your current home as leverage to back your second or third investment, and who can point you in the right direction of knowing where and what to do next.
8 out of 10 self-motivated Australian investors when contemplating property for the first time will more than likely buy within driving distance of their home. Why? Because they want to keep an eye on the investment.
This is a dangerous decision as more than likely, the investor does not live in a proven and historical capital growth area.
When it comes to identifying a good suburb to invest in, it’s more than just being about good numbers for that suburb. The suburb in question will require surrounding support from other neighbouring suburbs in the same region.
For instance, many regional towns have performed well over short periods of time but aren’t likely to sustain high average capital growth due to missing out on one of the ‘Two Pillars’ that support good real estate markets and population growth. These two pillars are Economy and Infrastructure. Infrastructure is vitally important because if the real estate market is to grow on the back of constant population growth, infrastructure planning and development are required prior to the population growth.
Capital cities have a huge advantage because the fringe or outer suburbs have the support of existing infrastructure close by as the city grows.
Please contact us today for some further information on where to invest today.
“Investors should never have any lifestyle or physical connection to their investments.”
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