Buying Real Estate In Perth

Buying real estate in Perth is always a good decision – long term decision that is.

Here are some key reasons why buying real estate in Perth it can be a great decision for your future:

1.    It is safe – research shows that Australian property has increased in value at a rate comparable to the share market since the late 1920’s.  Plus, with along term average of  over 10% per annum(closer to 11%) and it has done this through wars, floods, fires, recessions and crises. Plus property has been much more steady than the stock market.

2.    It is easy to research.  Just pick a state, pick the top performing suburbs using long term stats and then research those areas in regards to infrastructure investments, local amenities eg schools, parks, shopping and transport and then read and study.  You could safely make an pretty well informed decision in a couple of weeks.  Also, make sure you talk to your local agent and people in the know including local council.  Check out some great investment options here

3.    It is quite easy to get finance – assuming you are working, have a job history and have done your research.  Lenders like property for the reasons mentioned above. Lenders are more likely to lend on property than any other asset.  There are so many organisations and institutions geared up to help you get into property and into investment too.

4.    There are flexible investment options like:

a.    Long term growth

b.    Positive cash flow

c.    Renovating

d.    Developing

5.    You are in control – once the property has settled you have control over it and do not need a broker.  You can make decisions on what to do, who to rent to etc

6.    Tax breaks – there are some great tax breaks to be had with the right investment – talk to your accountant for details on how this can work for you

7.    A property is an investment you can use if you need to. You might decide to live in your property at some point, or extend to family members or friends

8.    In Australia, demand it outstripping supply plus we have a steady stream of immigrants coming in Western Australia every day with a long term plan to increase these numbers steadily.

Rest assured that although there are a few road humps, the Australian economy is robust and strong.  Plus, one day you can pass your investment on to your kids or look at it as a source of on going income in future years.

If you would like to discuss investing in Perth, then simply contact us to arrange a confidential chat.  Click here to contact us

Article by John Kemsley – Platinum Realty Group