There are many reasons why you might buy a property. Maybe you want a home you can call your own and modify to your liking or you’re tired of paying off someone else’s mortgage. Whatever your reasons are, buying property is a big decision for now and for the future. For many people, the idea of investing in real estate can seem a little overwhelming. But, when it comes down to it, property investing can be one of the best things you can do for your finances and your future. Want to know why? Take a look at our top 4 reasons why Australians should invest in real estate.
1. Long term security
Property is one asset or investment that tends to hold its value incredibly well. Stock markets can, and do, fluctuate consistently, but property holds steady. Property is commonly known as one of the steadiest assets that you can invest in and has the ability to weather most financial crises. This long-term security is pivotal if you’re putting your hard-earned cash and savings into investments. There is no doubt that land and real estate hold their value.
2. Future growth potential
When you invest in real estate in Australia and the value of your property has increased, you will benefit from capital gains or an increase in value. With property values steadily increasing across Australia, it’s a safe bet that you will see capital gains in your real estate portfolio. This all equals future profit as well as strong future growth potential. You can even choose to reinvest your capital gains into more investment properties in the future and increase your portfolio worth.
3. Record low interest rates
Australia is seeing record low interest rates that are creating a hot property market. There is no better time to invest in real estate when interest rates are so low. These interest rates mean that investors can keep overheads and costs incredibly low all while getting their investments paid off fast. With the Australian economy recovering from the initial blows of the pandemic, property prices are rising, creating a property market that is favouring investors.
4. Government incentives
Alongside the record low interest rates are the numerous incentives that the government is currently offering. With incentives such as the First Home Owners Grant being offered to eligible first home buyers, HomeBuilder, stamp duty concessions and the First Home Loan Deposit Scheme, there are many incentives to encourage Aussies to get into the property market. Government incentives such as the First Home Owners Grant can differ from state to state, but regardless, this is a great way to help many Aussies get into the property game.
There are a huge number of reasons why Aussies should invest in real estate. If you’re on the hunt for the perfect investment property in Port Macquarie, why not give us a call? Our real estate agents in Port Macquarie are experts when it comes to buying investment properties and we can walk you through the entire process. Are you perhaps looking to rent instead? We can help! Call us on (02) 6583 8606 today and get your property journey started with Percival Property.
