When you’re ready to make an offer on an investment property, follow these essential steps:
Utilize tools like the Australian Bureau of Statistics and real estate platforms to gain insights into local demographic and economic trends. For a deeper understanding of market dynamics, check out the 10 Factors Affecting the Property Market.
Build a network of experts, including real estate agents, accountants, and property managers, who specialise in property investment.
Approach property investment with a long-term mindset, staying prepared for fluctuations in the market.
Consider potential exit options to ensure your property appeals to future buyers or investors.
Consult a tax adviser to claim all eligible deductions, including depreciation, maintenance, and interest. These deductions are critical for enhancing your investment’s profitability by improving both capital gains and rental yields.
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