All tagged Investment
According to realestate.com.au's Property Seeker 2020 report, investors are now starting younger and most don't have the high incomes or vast property profiles we've come to associate with typical the words 'property investor'. Rather, it's younger and less experienced buyers that are using this strategy as a first step into the property market.
If you're just starting out in the real estate game, consider our tips to help you navigate the path to investing.
The population of Australia's capital cities grew by 205,400 people in the 2021-22 financial year, with growth in the regions also strong (up 102,700 people) according to the latest Australian Bureau of Statistics (ABS) data.
An apartment is the first rung on the property ladder for many first home buyers, especially those priced out of a freestanding or attached house in Australia’s priciest capital cities.
But when the needs of a growing family prompt an upgrade to a larger home, the question of whether to keep the first property as an investment may arise.
On the one hand, the sale of a sound investment too early risks potential future gains from holding onto the home as a rental, and increases the impact of transaction costs such as stamp duty and selling fees.
On the other hand, selling and realising equity in the first property and investing the proceeds into a more valuable asset can allow buyers to live in a better home that brings lifestyle improvements.
