If you have been wondering "can I afford an investment property?" the answer might surprise you. There are many options available to access funds including financial subsidies and incentives to purchase your investment property.
*For example;
• Using equity in
your home, business and other areas
• Using equity in your parents' home
• Using your income tax
• Using the rental income of the investment
property
*There are also incentives to assist you in
your purchase such as;
• Queensland
Government's Building Boost Grant
• ParkTrent Property
Investors Security Plan
• Stamp duty concessions
• Capital Gains Tax concessions
There are also different purchasing options available such as buying off the plan. If you decide to purchase off the plan, a 10% deposit is all you need in most cases. This can also be obtained through the examples noted above.
Real estate properties are known to double in value over 7-10 years. People tend to believe that you can make your profit after only a few years. In some cases this can be true; however property is known as a long term investment. This is one of the main reasons why those that are looking into long-term returns are delving into the property market.
If you would like more information or to find out if you can afford an investment property, email us via contact@parktrent.com.au or call 1800 652 224 and we can organise one of our specialist property investment consultants to meet with you for a free property investment consultation.
*Terms and conditions apply as these options vary depending on each individuals circumstances.
