Home investing and lending
- Written by News Feature Team
Investing in property in Sydney can be very expensive with prices constantly going up and up. If you’re a first time homebuyer or looking to invest in a rental property thinking of ways to come up with a deposit or buy your dream home can be really hard. Without the proper know how and insight into the property market, you can feel in way over your head.
Things To Consider When Investing In Property
- Research
It pays to take the time to do your research and even seek professional advice on ways to invest your money or borrow as needed to help make your dream come true. Credit plays a very important role in the success of your wealth management plan. - Seek Help
Seek help from an agency who will be able to help you customise a smart loan structure that will enable you to fulfill your goal while still helping you keep cash flow, your tax situation and any other financial objectives under control. A professional will be able to sit down and take the time to understand your lending requirements and work out the best possible lending strategy for you. - Diverse Property Market
We are lucky here in Australian to have such a wide choice when it comes to investing in property. With a great number of states and suburbs to choose from you have the option of investing in a house or apartment, inner city or further out in regional areas. This will even out the playing field a bit a give you more room to work out which type of property and where suits your lending and financial needs. - Property Demand
Nowadays there is such a high demand for land that you can guarantee long term growth in the value of residential real estate. Again, a professional will be able to help you work out how much return on investment you will be likely to get and how to can tailor your lending options around this. - Tax Benefits
Investing in real estate brings tax benefits along with it. You would need to speak to a tax & accounting professional as to how you can make these benefits work for you and your property situation. - Regular Income
Using your investment property as a rental location will provide a regular income. This constant income can help you pay off your debt a lot sooner than if you were living in the house yourself. If you are unsure as to whether you want to rent your property out or live in it yourself make sure you crunch the numbers and speak to a professional to see which option is best suits your situation.
Overview
Investing in property in Sydney can be a stressful and scary lifetime decision just as much as the decision to borrow a large amount of money to fulfill this goal. With a bit of know how, research and help from a professional advisor you will have all the tools you need to make the most out of your invest opportunity.
- Research, research, research!
- Speak to a professional before making any major decisions
- Thoroughly investigate the area that you are wanting to buy into
- Choose an area that you know is ‘hot’ and that has land in demand. You want to ensure you have earn enough to pay back what you have borrowed
- Claim any possible tax benefits that apply to you
- A rental property will provide constant income that will help you pay off any money borrowed sooner rather than later.
What are your thoughts on the Sydney property market? Do you think it is worth the investment? Or would you rather save your money and invest elsewhere? We would love to hear what you think!