More and more property investors and even foreign investors are looking to Australia as a place to park their money. And with good reason – the country has a stable political environment, a strong economy, and a history of providing good returns on investment.
In fact, there has been a steady increase in both domestic and foreign investment in the Australian property market over the past few years. According to CoreLogic, in the 12 months to July 2022, investment in Australian property rose by 11.2%. Check out some tips below from one of the most reputable buyers agents in Brisbane.
Real estate experts often say that there are three key things to look for when buying property: location, location, and location.
While it’s true that location is important, it’s not the only thing you should consider. Here are some other factors to keep in mind:
By taking all of these factors into account, you can make a more informed decision about which property investment is right for you. Working with a buyers agent will also give you access to off market property opportunities, not available to anyone else.
Yes. The laws and taxes that apply to the acquisition of several properties in Australia might vary from one jurisdiction to the next. When choosing choices, it’s crucial to keep these distinctions in mind.
Stamp duty, a tax paid at the time of property purchase, is another. The stamp duty you must pay might vary widely from one state to the next.
So, before you invest, make sure to research the rules and regulations that apply in the state or territory where you’re looking to purchase a property. By doing so, you’ll be able to settle on the most prudent course of action.
Pinnacle Buyers Agents are here to help. We’re a team of experienced professionals who specialise in finding and negotiating the purchase of investment properties. We’ll work with you to find the right property for your portfolio, and we’ll make sure that you get the best possible price. We specialise in helping people find investment property opportunities in Brisbane, Gold Coast & Sunshine Coast.
Whether you’re a first-time investor or a seasoned pro, we can help you find the right property and get the best return on your investment.
Book a free consultation today, and let us show you how we can help you grow your portfolio.
Yes, definitely. You can use your super to buy an investment property in two ways: through a self-managed super fund or through an SMSF loan.
If you’re looking to buy an investment property through a SMSF, you’ll need to set up the SMSF first. Once the SMSF is established, you can then use it to purchase the property.
If you’re looking to buy an investment property through an SMSF loan, you’ll need to find a lender that offers this type of loan. Once you’ve found a lender, you can then apply for the loan and use the funds to purchase the property.
Whichever way you choose to use your super to buy an investment property, make sure that you do your research and seek professional advice to ensure that you’re making the best decision for your circumstances.
Yes, you can get tax deductions. The Australian Taxation Office (ATO) allows investors to claim deductions for a range of expenses associated with their property investments. These deductions can be claimed for things like interest on loans, repairs and maintenance, and depreciation.
To claim these deductions, you’ll need to keep records of your expenses and income from the property. You’ll also need to ensure that you comply with all relevant tax laws.
If you’re not sure whether you’re eligible to claim a deduction or how to go about claiming it, we recommend speaking to a qualified accountant or tax agent. They’ll be able to advise you on the best course of action for your circumstances.
There are a number of risks associated with investing in property, including the following:
Before you invest in property, it’s important to be aware of these risks and make sure that you’re comfortable with them. We also recommend speaking to a qualified financial advisor to get more detailed advice on the risks involved.
There are a number of ways you can minimise the risks of investing in property, including the following:
By taking these steps, you can help to reduce the risks associated with investing in property. However, it’s important to remember that there is always a risk involved in any investment and there is no guarantee of success.
Yes, of course it is! The timing of your investment will depend on a number of factors, including which property market to invest in (location), personal circumstances and your financial goals.
If you’re thinking about investing in property, we recommend speaking to a qualified professional who can help you make an informed decision about when and where to invest. They’ll be able to take into account all of the relevant factors and give you tailored advice for your situation.
There are a number of factors to consider when choosing where to buy an investment property, including the following:
When making your decision, it’s important to weigh up all of these factors and choose a location that meets your needs and goals. We also suggest consulting with a buyers agent who can offer you more precise recommendations for your situation.