If you have already purchased your first home, congratulations! The next step in building wealth for your future could be to plan for the purchase of a second property as an investment.
There’s nothing quite like the sweet satisfaction that comes from holding a shiny new set of keys to your very own home.
When you decide to sell your home or investment property, it’s natural to want it to fetch the highest sale price possible, but it’s also important to be realistic when setting your price or you risk scaring the buyers away.
Buying to renovate and sell can be a lucrative investment strategy, allowing investors to potentially make a fast profit with minimal effort and expense. However, the key is to find the right fixer-upper – one that gives you a maximum increase in value for minimal expenditure. Cha-ching!
There’s nothing quite like attending your first auction and seeing the characters at play – the charismatic auctioneer with the overpriced suit and the Hollywood smile, the throng of sticky-palmed bidders and nosy neighbours waiting in anticipation, the stressed-out vendors hiding in the shadows.
Whether you are buying your first home, your next home, refinancing, investing, purchasing assets or commercial property, entering the property market is exciting.
Are you thinking about investing in property this year? One of the reasons why investing in property helps you to build wealth is that it offers you various tax deductions. But many first time investors are unaware of all the tax deductions that may be available.
It doesn’t matter whether you’re a first home buyer, next home buyer or a property investor, deciding between a brand new home and an established one is an important choice that every property buyer needs to make.
