Why should you consider investing in bricks and mortar?
If you’re seeking Property Investment Advice, then you are most likely already aware that Property Investment offers many advantages. Unlike your money being stuck in a bank savings account, it is considered a growth asset class where capital growth outstrips inflation. This means that overtime you increase rather than decrease the capital value of your assets.
Shares are also a growth asset. However, unlike objective Property Investment Advice from a qualified professional, it’s hard to get truly independent information about investing in shares, whereas property is a tangible, transparent buy. The expression ‘investing in bricks and mortar’ means you get a real asset that you can touch and feel for your money.
If your shares become worthless overnight, you are left with paper. If your property drops in value, you can always live in it. You should consider getting expert Property Investment Advice from a Financial Specialist before investing in property.
As the best Property Investment Advice would stipulate, when choosing which property to buy, always consider whether people in the area would want to live there (remember, it’s not a property for you to live in).
Smart Property Investment Advice with Richardson & Wrench:
> With newer buildings you may be able to reclaim up to four per cent of the building’s value annually
> Only the interest component of a mortgage for investment can be tax deductible, which is why many property investors use interest only loans
> Property is a growth asset
> Choosing a reputable Property Manager (fee is tax deductible) will reduce vacancy times and result in better quality tenants. Why not speak with a Property Management expert from Richardson & Wrench today.
> Don’t forget to claim depreciation on your investment property. Regardless of age, depreciation can be claimed on most properties, potentially resulting in thousands of dollars back in your pocket at tax time.
This Property Investment Advice is considered to be of a general nature only. We recommend that you consult a qualified Financial Adviser for Property Investment Advice that is specific to your individual circumstances.