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Look for a property in the highest potential growth area. This is one of the main reasons why we recommend investing in property in South East Queensland (SEQ). According to the Department of Infrastructure and Planning, SEQ is the fastest growing region in Australia.
More than 300 people per day move to Queensland from elsewhere in Australia. And, two thirds of the interstate migrants to Queensland move to SEQ. In fact, the population of SEQ is expected to grow from
2.8 million to 4.4 million people by 2031.
Look for high capital growth potential
Your ultimate investment goal is capital growth, so invest in an area that is developing - where property demand will ultimately exceed supply, resulting the best possible capital growth income.
In SEQ, demand already exceeds supply. Since 1970, overall trends show that the SEQ property market has enjoyed an average increase in property values of 11% p.a. The 2007 Land Supply Study indicates that, by the year 2026, there will be a disastrous shortfall of 62,142 residential lots. This translates to extremely lucrative opportunities for capital growth for those investors who get in early enough.
Choose a new property to qualify for maximum tax advantages To qualify for the full depreciation allowance, and benefit from maximum tax deductions you need to purchase a new property.
Look for an area with a high rental demand.
To maximise the rental income you reap from your investment, choose a property in an area with high rental demand. This will reduce the amount of time between tenants and ensure you have a steady income stream. Look for areas that are in high demand by letting agents, and have all the right features to attract tenants
Property in a high employment area. Properties in high employment areas offer plenty of job opportunities for potential tenants with the additional convenience of living in close proximity to work. In SEQ, the strong local economy offers plenty of opportunities within the mineral processing, timber and forestry, tourism, manufacturing, engineering, agricultural, transport and food processing sectors.
Excellent infrastructure and transport facilities
Transport, water, telecommunications and energy supplies must be in place and constantly be upgraded.
Social and community infrastructure development is also important. The Queensland Government's $66 billion South East Queensland Infrastructure Plan includes over 230 infrastructure developments or upgrade projects to be completed over the next two decades.
Pleasant landscape setting
Everyone wants a beautiful place to live and your tenants are no different. That's why SEQ, with its rich landscape mix of bushland and beaches, ranges and paddocks, rivers and lakes, makes the perfect setting for your investment property.
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Close proximity to a major city
Proximity to a major city will allow your tenants access to specialised services, which may not be available in smaller towns and out-lying areas.
In SEQ, Brisbane, Queensland's capital city and the State's major trading port, the Australia trade coast and Brisbane international airport are all within one hour's flight. Also, Sydney, Melbourne and the South East and Pacific markets are accessible within a short flying time.
Close proximity to shopping centres and schools
Make sure you select a property that offers your tenants easy access to shopping centres and schools.
Construction.
Ideally the property should have spacious internal and external living areas. Alfresco living is important to Queenslander's, so this must be taken into consideration when purchasing a house. Brick and tile construction are also preferred as they are more resistant to weather and wear and tear, this in turns makes your property more appealing. Also, pleasing and easy to maintain landscaping is essential. Make sure your property is constructed according to the highest building standards.
Don't cut corners just because you are not going to live in the place yourself!
If you want the best possible returns on your investment for years to come, nothing can be more important than getting the building done right.
An investment property that is built to the highest standards of quality and workmanship becomes a valuable asset that continues to yield dividends for years to come. A poorly constructed property will continue to drain your resources as you plough money into maintaining it and struggle to find tenants. Choose a company that offers the highest standards. The team at Master Equity can assist you to find a quality builder.
Finance Correctly structured finance for the highest negative gearing advantage is essential. We will provide the best possible financial advice from qualified professionals who take the time to develop a package that suits your individual circumstances. Also, be sure to obtain the necessary depreciation schedules from a qualified quantity surveyor, as these will help you to qualify for the maximum tax deductions.
Reliable property manager
Your property manager is the person who manages the rental property on your behalf. They should be highly trained and qualified in dealing with the rental market. Choose someone who is an expert in your chosen suburb and has an excellent track record in landlord and tenant relations
And finally use the services of a reputable property consultant who can bring all the above advice together.
Don't simply listen to the advice of "well-meaning" friends - find out the truth about property from a reputable property consultant who specialises in investment properties. Master Equity can organise a property consultant to call you and discuss your needs. Why not give us call and we'll organise for the property consultant to call.
Call now on 1300 553 403. |
