At WA Housing Centre we have helped thousands of people establish their very own property portfolio. We base all our investment packages on some fundamental criteria, which over time has proved to achieve the maximum capital growth.
Location
The location of your investment property should be based on real facts and figures, and not on emotional attachment.
Choose a location based on:
- High capital growth rates
- Low rental vacancy rates
- High rental returns
- Good infrastructure - schools, shops etc
New Home vs. Established Property
If you had the choice to rent a brand new home or an old one, which would you choose? Building a home rather than buying established can save you money, with less upfront costs.
Purchasing an existing house will cost you thousands in stamp duty. When building a brand new home, you’ll only pay stamp duty on the land, keeping more money in your pocket.
More helpful hints:
- Find a reliable and credible property manager to manage your investment. The management of a property is often best left to the professionals, who have experience in the legal requirements involved with renting a property.
- Obtain a full depreciation schedule to maximise the amount of depreciation you can claim from the ATO. For more information, see www.ato.gov.au
- Choose a house design that will suit the location to maximise your returns. You can obtain demographic information on WA suburbs here.
- Property investment is a mid to long term strategy, so make sure you set reasonable expectations for your investment.
- Seek independent advice from your accountant or advisor to ensure that the investment is affordable to you.
For help with finance or more information on taking the first step to property investment, speak to one of our experienced Home and Land Specialists on (08) 9214 1111.
