Properties which have a positive cash flow are a great benefit to investors as they can assist in creating an extra source of income (pre-tax). These properties cover the costs of holding and maintenance, and allow the extra rent paid to become additional income for you to enjoy.
House prices across the country have continued to boom in May, with the latest data showing values increased by 2.2% and 10.6% annually.
Over the past 12 months, we’ve started to see a lot more interest in both buying and selling property off-market.
In Australia, less than one in ten people own an investment property. The vast majority of homeowners are what we might label as ‘upgraders’ who only ever own their own home. After buying their first home, upgraders continue to buy a bigger and better home as their family needs change and sell off their previous home in part to finance the upgrade. But is that actually the best way to go about it? Or should you consider turning your first home into an investment property?