Property investment in Australia can be a great way to build wealth and secure your financial future. Though there has been some drop in property prices due to the recent rate rises but with a growing population and strong economy, the real estate market in Australia is a popular choice for investors looking to take advantage of the many opportunities available.
One of the key benefits of investing in property in Australia is the potential for strong returns. Property prices in Australia have historically been on the rise, and many experts believe that this trend will continue in the future. This means that if you invest in the right property, you could see a significant return on your investment over time.
Things to Consider
When it comes to finding the right property to invest in, location is key. Look for properties that are close to transportation, amenities, and other important infrastructure. For families with young children, a good school is an important aspect. So, looking at properties around schools with good ratings and selective schools will provide a good rental return and might provide you with better capital gains in the long run.
It’s also worth noting that investing in property in Australia can be expensive, and you’ll need to have a significant amount of capital to get started. However, there are ways to invest in property without breaking the bank.
Ways To Invest
One option is to invest in a property syndicate, where a group of investors pool their resources to purchase a property. Another option is to invest in property through a self-managed super fund (SMSF), which is very popular these days. If you are a savvy investor and would like to take control of your Super, this is an option to be considered.
You can invest your Super in property via SMSF and in this arrangement, Bare trust holds the property and SMSF corporate trustee is the borrower. To assess the borrowing under SMSF arrangement, the lender takes into consideration the regular super payments being received and the expected rental return from the property.
Read more to understand if SMSF is right for you.
In conclusion, property investment in Australia can be a great way to build wealth and secure your financial future. With a growing population and strong economy, the real estate market in Australia is a popular choice for investors looking to take advantage of the many opportunities available. It’s important to do your research and invest in the right location, but with the right approach, property investment can be a profitable and rewarding experience.
If you are interested in knowing how much you can borrow as part of your SMSF strategy, contact us for a free consultation.
