Property investment is usually considered a long-term investment strategy, however many investors today are much more ambitious and look for ways to maximise their returns in the shorter-term. If you’ve been thinking about renovating for profit, here’s 5 tips on how to minimise those risks and maximise your gains.
Don’t you just love getting a tax refund? Whilst nobody enjoys all the paperwork that goes with filing a tax return, getting it right can be rewarding particularly if you’re a property investor. Here are some tips to help you maximise your tax benefits this financial year if you are a property investor.
Strata title is a method of facilitating individual ownership of part of a property – generally an apartment, unit or townhouse. Uniquely, strata title allows for individual ownership of an actual lot or unit whilst sharing ownership of the common grounds on which it is built. The concept only came into being 50 years ago, however there are now more than 270,000 strata title properties providing more than two million homes across Australia.
When it’s done right, investing in property can help you to build wealth for your future. In Australia, property is currently a very popular investment and many people are enthusiastically jumping into the market to make the most of the low interest rates currently available. But it takes careful planning for your property investment to be a success. Here are ten key factors to consider before investing in property.
Continuing to invest in and develop the property so that it remains modern and well-maintained will help to grow its value consistently over time. There are, of course, plenty of different ways to enhance its value, but at the minimum, there are a handful of key strategies that are proven to be effective.