All in Property Investment
It takes time to build financial freedom, but if you only have a short timeframe ahead of you to build your nest egg, all is not lost. The scary fact is that the vast majority of Australians won’t retire with enough superannuation to see them through the remainder of their lives. The thing is, to achieve financial freedom, they will need to do things differently to how they have done them in the past. Financial freedom is a goal for many people, but it is something that very few achieve.
Investing in real estate is not just a rich man’s game – everyone can do it; that’s the good news!
But just like any investment, you need to learn and know exactly what you are going into. You need to have your investment objectives defined, and you need to have a clear plan on how you will achieve them.
Many have already achieved financial freedom through real estate investing. And you can too – if you are willing to focus, learn, be patient and work hard.
For many first home buyers, the idea of buying a ‘starter’ home before their ‘dream’ not only makes sense but is the only path towards homeownership that they have. The ‘property ladder’ doesn’t get its name for no reason, as the path towards owning a home that ticks all of your boxes is a long path and one that passes your first, second, and even third home before finally ending up at the doorstep of your dream home.
With approximately a third of surveyed first home buyers dedicating their finances towards investment properties, it is clear that the current consumer behaviour of first home buyers is different to that of previous generations. Rather than buying and living in a first home that may, by budgetary constraints, be located further away from work, amenities, family, and friends, some first home buyers are rejecting the idea of a ‘starter’ home first to instead reap the benefits of being a renter while accumulating long term capital gains. With these gains, they hope to afford a more ‘ideal’ home in which to own and live. In other words, their dream home.
Tight supply and strong demand from investors and first-home buyers have propped up prices for new homes amid the coronavirus pandemic, but experts say it’s a buyer’s market and sellers are open to negotiate.
While some luxury off-the-plan properties are seeing price discounts as a result of COVID-19, buyers of affordably priced new properties won’t be as lucky, but could secure more favourable terms.
Megaworld, Philippines’ largest developer of integrated urban townships, along with its subsidiary Empire East Land Holdings, Inc., is developing a 24-hectare property along F. Felix Avenue in Cainta, Rizal, to become the Highland City township.
The company’s 24th township development, Highland City, will host the expansive Highland Mall with a gross floor area of around 58,000 square meters, rows of residential towers on a highland area, mixed-use towers, a church as well as open and green parks.
There are many great reasons why buying off the plan could become the best investment decision you make. Here are 11 of the most compelling.
1. STAMP DUTY BENEFITS
2. AVAILABILITY OF GOVERNMENT GRANTS
3. SUBSTANTIAL TAX ADVANTAGES
4. THE PRICE IS LOCKED IN
5. HIGHER RENTAL YIELDS
6. TIME TO SAVE
7. GETTING IN FIRST
8. MINIMAL MAINTENANCE
9. PERFECT CONDITION GUARANTEED
10. A CUSTOMISED LOOK
11. REDUCED POWER BILLS
For many homebuyers, buying off the plan is one of the most easily accessible and affordable options for getting a foot on the property ladder.
Unfortunately, in parts of the country the apartment market has seen oversupply issues and criticism over the quality of some developments has also been in the news. It’s not surprising that investing in property off the plan has developed a reputation for being high risk.
So, is it safe to buy off the plan? It certainly requires another layer of due diligence, but with education, thorough risk mitigation, attention to detail and professional advice, it can be a very rewarding investment strategy.
Buying off the plan involves securing a property using a contract of sale on an unconditional basis before the building has been constructed or completed. Mostly likely you would have been supplied with various plans and images that provides a representation of what the finished product will look like. Although it may feel different buying a property without ‘walking through it’, almost all new apartment buildings are sold in this manner, so it is a very common way of buying property.
Gearing simply means borrowing money to buy an asset. And the reason you hear so much about it is because the government’s gearing policies have a big impact on how attractive the property market looks to investors, which, in turn, has a big impact on everything from the amount of housing available to the average weekly rent.
Here’s what you need to know about the three types of gearing: negative, neutral and positive.
Ayala Land is known for its modern, chic design that caters to urbanites, young professionals, and couples starting out families of their own. It is also known as one of the largest and most trusted names in the real estate industry in the Philippines.
Looking at the current landscape of real estate in the Philippines, investing in a condominium could be the best choice. Buying a unit or two won’t even mean having to live in it. There are a lot of ways you can diversify your money and resources by putting your eggs in different baskets.
Ready to take your property portfolio to the next level? This article is offering a complimentary strategy to get clear on your goals and how to move forward if you’re ready to take action and grow your property portfolio.
The country’s fiscal position also remains strong. Recently, a ranking published by The Economist magazine placed the Philippines sixth out of 66 emerging economies to be in the best position to weather the crisis. The ranking was based on four factors: public debt, foreign debt, cost of borrowing, and reserve cover.
For the property industry, each sector is bound to see different stages of recovery. Dy highlighted that Ayala Land’s office and warehouse logistics units continue to operate without significant effects, while others are seeing different results.
Ayala Land is seeing encouraging signs in its residential business, which recorded increasing sales from April to May and again from May to June while the enhanced community quarantine was in effect.
In today’s highly urbanized Metro Manila, it is not easy to find developments enveloped by nature, greens, and open spaces. A rare example is Parklinks, Ayala Land and Eton Properties’ greenest urban estate in Metro Manila. The estate puts a premium on open spaces, giving workers and locators a wealth of benefits. This includes better general health, a more active lifestyle, and connectivity beyond measure—all resulting from thoughtful urban greening.
Green and open spaces are a fundamental component in an urban ecosystem. The many benefits of spending time outdoors, especially in green spaces, have proven to be one of the fastest ways to improve your health and happiness. This makes it a key component in your home.
According to the World Health Organization, having access to green spaces can reduce health inequalities, improve well-being, and aid in treatment of mental illness. It also gives residents the opportunity to lead an active lifestyle, rather than a sedentary one. Ultimately, the availability and accessibility of green and open spaces in urban neighborhoods support the development of healthy lifestyles. This can include spending time outdoors walking, jogging, or playing.
While everyone’s waiting for normalcy in our life to get back, we can’t help but wonder what the ‘new normal’ will be.
As it is right now, design experts around the world look at the COVID-19 pandemic as a call to change the way we create things for good as we move forward. To city and architecture experts, this involves more calculated measures of how possible future waves of contagion will be controlled. This can be in terms of how they design homes, residential communities, cities, even retail and public spaces. It has certainly become an invitation for designers to be more innovative, and come up with solutions that will enhance and preserve life further.
While cities have been around for centuries, the concept of urban planning is a relatively newer study that has been developing importance in the last decade. Overpopulation, traffic congestion, and health issues throughout the years have urged government and developers to stop and think – how do we make our urban developments a foolproof place for people to live well?
The COVID-19 pandemic should not stop you from investing your hard-earned savings in a worthwhile venture—be it a house and lot or a condominium unit. This may be, in fact, the best time to invest in your future as current promotions and smart offerings make it even more attractive to purchase a property today. What you need to take stock of, however, are the crucial lessons learned so far in this pandemic.
Apart from buying ready-for-occupancy (RFO) properties, buying pre-selling properties is another popular choice when it comes to acquisition. These properties are off-the-plan, which means the property is not constructed yet. Buyers sign a purchase contract but can only view the designs and building plans. While there are no physical properties that buyers can inspect, buying a pre-selling condo, lot, townhouse, or office space has several benefits.
Despite economic challenges due to the COVID-19 pandemic, real estate in the Philippines is still seen as a solid ground for future-proof investments.
In fact, over the last decade, commercial land values South of Metro Manila have quadrupled. Growth in prices are even at 400% from 2009 to 2019 for properties located in thriving estates all over the country, such as Makati and Bonifacio Global City. Newer estates in the South have also proven their track records for commercial lots sales, given the strong demand for developments such as Vermosa, Evo City, and Broadfield.
