A few thoughts on purchasing and managing investment property.
Property represents a very secure, sound, long term form of wealth creation. As such, many people are turning increasingly to property investment to secure their future. A well managed investment can offer many advantages including income and capital growth.
Many investors may also be able to use their investment to help reduce tax payable on their assessable income. Property is also a good option as part of an investment portfolio, particularly with people who do not need immediate access to their money and wish to protect themselves against inflation, as well as building wealth, over the long term.
It is important, however, to be aware of the responsibilities of managing your property investment and assuring proper care and responsibility. As considerable money is at stake, and the laws relating to landlords and tenants quite onerous, you need to take the time to get good advice before you act.
A professional Property Manager can assist you to maximise your return and minimise your exposure to problems with your investment property. Sandhurst Residential specialises in the professional management of investment properties and would be delighted to assist you.
Call us on 03 8787 9000 for a Property Management Information package, which we will deliver to you free of charge