Thinking of buying an investment property or adding to a portfolio you’ve already launched?
There’s a five word answer to such thoughts: “This is the ideal time!”
In fact there are so many signs pointing investors in that direction that it’s possible to list only a few of the main ones.
Vacancy rates: Demand for rental properties is exceeding supply, which means vacancy rates are at an all time low. Once you buy an investment property, there is every likelihood that you will have tenants queuing up to rent it.
Interest rates: The Reserve Bank of Australia has put interest rates on hold for the moment. If you buy a property, you have the advantage of knowing your mortgage repayments will not increase for some time.
Rising rentals: Because of the shortage, people are prepared to pay more for rental properties and increasing incomes make it possible for them to do so. This enables landlords to be assured of good calibre tenants who can pay their rent regularly.
And the list goes on.
Once you decide to buy an investment property, you need to decide on the location and price that suits your needs and budget.
The Property Shop has a number of properties on offer that would provide buyers with the perfect opportunity to take advantage of this boom time for investors.
For example, offered for sale at just $245,000 and currently returning $260 per week is an immaculate villa on a corner block in the popular Mudgee south area. A fantastic opportunity for investors, this home features two bedrooms, open plan living and dining areas and a single lockup, auto-control garage with internal access to the home. There is also an attractive private entertaining area at the rear of the home which is located among other quality residences in a quiet cul de sac.
You can even buy your investment property before it is built by buying off the plan. By doing this you save yourself quite a lot of money, as you’re up for zero stamp duty if you purchase a property before construction begins, such as an off the plan home sold recently by The Property Shop. An additional benefit when buying off the plan is the ability to have an input on the colour selection throughout the home including tiles, carpets and kitchen finishes.
For help with buying your investment property and for all real estate matters, contact The Property Shop on 02 6372 2222.