Property Investment Queensland
New apartments, home and house buyers’ information and property investment guide...
Buying an investment property is a proven way to create wealth at a lower risk than buying shares which may be at threat in a volatile market. There is a lower return in purchasing property but potential high returns are forsaken for less risk and a stable return from property with a long term investment strategy.
However, as with any investment, there are no guarantee which is why it is important to do your research such as investigating the investment property location, capital gains growth and the potential rental income and yield. It is also essential to find a property in a location desirable to tenants and find out about any planned developments in the area which may add or decrease value to your investment property.
Here are five reasons why you should buy an investment property now and start building your investment portfolio.
Capital growth
Capital growth is the increase in the value of your property over time and is one of the main reasons why people invest in real estate. Your best chance of achieving capital growth is to have a long term investment strategy.
Rental income and yield
Whether you buy a property in the inner city, the western suburbs of Brisbane or regional Qld, the property should be in close proximity to public transport, main highways, hospitals, shops and cafes and restaurants in a desirable area for potential tenants. The greater the demand for your property, the higher the rent you can charge.
Taxation benefits
A number of deductions can be claimed on your tax return, such as interest paid on the loan, repairs and maintenance, rates and taxes, insurance, agent's fees and buildings depreciation. Depreciation schedules where possible are provided for each of our investment properties.
Affordability of property investments
Buying an investment property to rent out can be a good way to accumulate funds so you can eventually buy your own place, in an area where you want to live. Alternatively, you may choose to rent in a more desirable and expensive location and buy an investment property in an area that you can afford.
Greater degree of control
Property investing gives you a greater degree of control than being at the mercy of a volatile share market that can plummet overnight. With proper planning and research, you can buy a piece of ‘The Australian Dream’ without it becoming a nightmare.
Understanding the Queensland property investment market
Queensland boasts world-renowned beaches, national parks, rainforests, reefs and a sub-tropical climate. International tourist destinations include the Great Barrier Reef, the Gold Coast, Cairns and Whitsundays. .
Queensland is one of the fastest growing regions not only in Australia with the state's population concentrated in South East Queensland which will climb from 2.8 million in 2006 to 4.4 million in 2031. 754,000 new homes will need to be built according to the State Government’s South-East Queensland’s Regional Plan. Other major regional centres include Cairns, Townsville, Mackay, Rockhampton, Bundaberg, Hervey Bay and Mount Isa and Ingham.
Queensland's State Government has committed to a huge no-debt expenditure on infrastructure, including $5 billion on roads, more than $300 million on the Tugun bypass and a $1.7 billion rail extension from Robina to Coolangatta to cater for the increasing population growth.
The ‘Sunshine State’ has numerous investment opportunities from absolute beachfront properties to inner city apartments and farm acreage properties. The burgeoning population is outstripping housing availability and will continue to do so for many years to come making Queensland a very popular location to buy investment property for astute investors.
Factors to consider when buying an investment property in QLD - Queensland
There are many factors to consider when buying
investment property in Queensland, including:
- Place:The location is vital and the investment property should be close to amenities such as public transport, shopping centres, hospitals and major highways to ensure a low vacancy rate.
- Price: The price of properties in Queensland may be cheaper than other states but the potential for capital gains growth also needs to be considered.
- Potential capital gains: Capital gains growth is a huge driver in your decision on where you will buy an investment property.
- Potential returns:Rental returns, vacancy rates and yield are an important factor in buying an investment property.
- Planning: New developments may add to the value of your property or decrease desirability for tenants.
Hotspots - Property Investment Queensland
Find Investment Property take the guesswork out of finding hotspots in Queensland. The regions in Queensland include:
Following is a list of the Queensland locations that will outperform in 2009:
Useful resources for buying an investment property in Sydney
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Capital gains tax - Australian Tax Office – www.ato.gov.au
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Conveyancers - Australian Institute of Conveyancers (NSW Division) - www.aicnsw.com.au
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Rental reports – NSW Housing - www.housing.nsw.gov.au
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Planning reports – Planning NSW - www.planning.nsw.gov.au
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Property managers – Real Estate Institute of NSW - www.reinsw.com.au
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Stamp Duty - Office of State Revenue - www.osr.nsw.gov.au
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Tenant disputes - Consumer, Trader & Tenancy Tribunal - www.fairtrading.nsw.gov.au/cttt.html
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