The average Australian property cycle is 7 – 10 years. If you are serious about property investment, this is the time frame in which you should aim to create a positive cash flow from your investment. The other great thing about property is that the Federal government has continually supported property investors through tax incentives.
Investing in residential real estate can give you access to great tax benefits and capital growth. Many investors see property as safer alternative to other forms of investment. This is because generally, the residential property market is considered to be less volatile than other investment platforms such as stocks and shares.
Investing in residential property also allows you to start at a level that is comfortable for you. It may be that your first purchase is an entry level investment such as a tenanted townhouse which you can use as a stepping stone to create further wealth.
Many property investors start out small and use their investments as a way of accumulating wealth so that they can buy their dream home, or retire sooner.
Residential property investment has the flexibility and wealth-creation potential to suit most investors – regardless of which stage of life they are in. If done properly, property investment is an excellent way to reach your goals and create a rewarding and secure retirement nest egg.
Contact Seachange Buyers Advocates today to discuss ways in which you can increase your property portfolio.