Financial year ending
This month marks the end of the 2012-2013 financial year and is a time for taking stock of all your real estate options.
And, with the federal election looming and uncertainty surrounding the future elected government, it’s a particularly interesting time of year than usual.
Buying an investment property then attracting good tenants is a great goal to have, especially if you want a foot in the real estate market but can’t necessarily afford to buy what you want or in your preferred location.
It also means that often what you end up buying is a good compromise, maybe with a smaller yard or in a suburb a few kilometres from where your dream home would be situated.
Nevertheless, if you choose an investment property well, then one day it might turn into your dream home.
In the meantime, you have an asset in the long term which is likely to appreciate, regardless of it being positively geared for passive income or negatively geared for maximising tax benefits.
Talk to your LJ Hooker team. The property managers, sales agents and real estate finance specialists are there to answer your questions and assist in any investment property purchase.
And don’t forget, LJ Hooker Home Loans offer very competitive fixed term rates that are well worth investigating. Talk to your local mortgage broker now.