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purchasing an investment property before end of financial year

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With the end of the financial year looming, it’s an opportune time for anyone considering buying an investment property to get into the market to take advantage of the taxation benefits on offer.

With the Reserve Bank dropping interest rates by a full 50 basis points earlier this month, and the real estate market currently in the midst of a ‘buyers market’, now is the opportune time to purchase an investment property.

“A report commissioned by PrimeSpace Property Investment released earlier this year found residential property was a low risk, high return investment. Over 20 years it did about two and a half times better than international equities and had 64 per cent less volatility of returns,” Mr Powderly revealed.

Tenants like convenience and the better investment choices tend to be those which are easy to maintain, have access to arterial roads and public transport and are located close to shops, schools, tertiary institutions and other community infrastructure.

Unlike shares, you have more control over the value of an investment property. You can improve property and thereby improve its value.  Unless run the company you have invested shares in you have very little control over the value of shares.

Property investment is not difficult if you do your research, talk to one of our agents about opportunities and always discuss any plans you have with your bank, mortgage broker or financial planner firstly.

We believe the following properties would make a solid investment as each provides an estimated gross return of between 5 and 6.3 per cent gross:

5/8 Bentley Place, Central – $265,000 – return $260 per week

4/243 Kincaid Street, Central – $189,500 – return $195 per week

12 Shaw Street, Central – $325,000 – return $340 per week

4 Sullivan Avenue, Central – $325,000 – return $325,000

48 Bandera Avenue, Glenfield Park – $249,500 – return $270 per week

Units 11-15&17/10 Mirrul Street, Glenfield Park – $239,000 – return $280 – $290 per week

2 Lasswade Street, Lakeside – $369,500 – return $360-$370 per week

442 Lake Albert Road, Lake Albert – $269,000 – return $275 per week