There are so many options when it comes to property investment. The fundamental factors that you must consider are location, new or existing, product type and the developer’s track record.
Location is critical component to successful wealth creation. You have to be aware of what areas provide a high rental demand and strong capital growth. Property 10 has conducted significant research into areas we believe offer sound investing opportunities.
We have taken into consideration state planning policies in the Melbourne 2030 strategy, affordability levels, rental demands and yields, population growth and lifestyle demands. Through this, we have established locations in Melbourne that tick all the boxes giving you peace of mind. We have gone even further to specifically detail developments with renowned developers that have track records in delivering an exceptional product and environment.
Product type is very important and the basic facts are that new property withholds much greater tax benefits than existing property. Any new property has tax benefits to you that can last up to 30 years. These benefits reduce year upon year, so when comparing a $320,000 new home to a $320,000 existing property, the tax benefits will be much greater on the new.
The other factor to consider is that everything is new. You get to pick your own colour scheme and inclusions and importantly you will have a structural and maintenance period guarantee. It’s a lot easier to lease a new property than one that requires a little work, so this also has an impact on lowering your vacancy rates.
Have you ever heard of the phrase “making your money work for you”? We at Property 10 believe in creating achievable long term financial plans to secure your future. We are experts in turning income into gain.
Each and every team members takes great pride in advising you how and why property investment works.
From the very beginning we will advise why we believe property investment is the safest way to creating independent wealth. We take great care to demonstrate the capabilities of all investments and their strong and weak points, including shares, money in the bank, superannuation and of course property.
From commencement to completion, you will learn how the Australian tax laws benefit property investors, how specifically they work and how to take advantage of them. You won’t learn them just from anyone; you will gain this knowledge from a corporate accountant.
Ever wanted to know the hotspots? At Property10 we have conducted significant research on locations in and around Melbourne that we believe offer our investors solid investment vehicles.