What's your strategy?
Before you dive right in with your cheque-book at the ready, take the time to consider whether property is the right investment strategy for you. Weigh up the pros and cons of investment property ownership.
Sure, property provides you with a physical asset, can pay for itself through rent, and is able to provide tax benefits through gearing. At the same time, consider the risks involved, such as rental income not meeting your requirements, depreciation in value, and the length of time it can take to find tenants and sell-up.
Before you dive right in with your cheque-book at the ready, take the time to consider whether property is the right investment strategy for you. Weigh up the pros and cons of investment property ownership.
Sure, property provides you with a physical asset, can pay for itself through rent, and is able to provide tax benefits through gearing. At the same time, consider the risks involved, such as rental income not meeting your requirements, depreciation in value, and the length of time it can take to find tenants and sell-up.