SYDNEY, 29 May 2018 – Barry Watkins, of Clever Finance Solutions, is in the running to take out one of Australia’s most coveted mortgage broking awards. He has been shortlisted as a finalist in the Customer Service of the Year – Individual (Metropolitan) category of the nationally recognised 2018 Australian Broking Awards hosted by The Adviser, Australia’s top publication for mortgage and finance brokers.
Many articles on home renovation and design usually focus on properties that offer ample space. However, things that work for a house with a full lawn and vaulted ceilings may not work well with your typical condo or apartment.
According to the Bank of International Settlements, house prices in Australia have increased by 6,556% since the 1960s. This amounts to an impressive average annual growth of 8.1%. Long story short, property investors have certainly made millions through buying and selling property, and that’s before we even take into account the earnings from rental properties.
Investing in property is a great way to diversify your investment portfolio and, when done right, will unlock the doors to a more financially secure future. When you purchase an investment property, you can improve on it through renovations so that you can sell it at a higher price or hold onto the property and rent it out, generating regular income.
Keeping your property looking up to date and attractive is important, whether you’re hoping to sell or rent it out. Potential tenants and buyers are likely to pay more for a property that looks modern and appealing. As such, putting a little money into renovation projects can prove to be a wise investment.