One of the important decisions a property investor should make is whether to offer a furnished property or not. There’s solid demand for rental properties in Australia—for example, in New South Wales, around 30.8% of people rent rather than buy—and your choice will definitely affect how many enquiries and prospective tenants you’ll get.
Buying a property is a process that’s brimming with excitement. Because of this, it’s easy to fall hopelessly in love with the first property you see. You start to believe that it’s perfect for your home, business, or for investment, causing you to rush your decisions.
Throughout Australia, many of those who want an additional source of income turn towards property investment. Although investing in property can be a dependable way to make money, much of your success depends on the type of property you choose. While you might pursue the right aesthetics and defining practical features, it’s easy to ignore certain factors that can affect a property’s attractiveness. This, in turn, can negatively affect its value and your ROI.
Most Australians need to take out a home loan when purchasing a new property, whether they’re buying their own home or choosing one for investment purposes. Sometimes, however, lenders worry that the borrower won’t be able to repay the loan and, naturally, they want to protect themselves against this possibility. This is where Lender’s Mortgage Insurance (LMI) comes in.
Negative gearing isn’t a new practice, but it’s gained lots of attention lately due to The Labor Party’s proposed reforms. For those who invest in properties for resale or rental purposes, negative gearing involves making a loss on an investment to attract tax benefits.