If you take on an investment property in the right way, you can reap the benefits of a strong passive income stream.
With the rise of Airbnb and other house-sharing apps, it's a great time to invest in a property for passive income.
So, what are the benefits of investing in property? The biggest benefit of investing in property is that you can make that extra passive income from renters, whether through a traditional rent agreement or by listing the property on Airbnb.
The goal is to make more money on the property than it cost you, so that you eventually end up with positive-geared property, which means the rental income is greater than the expenses.
In relation to other shares and investments, an investment property is likely going to be less volatile, according to Money Smart. And, you can deduct property expenses from your taxes. If your property increases in value while you own it, you will be able to sell for more than you paid.
How we can help you Purchasing and managing an investment property can be time-consuming and complicated. You may have to take out a loan on the property, so speaking to a mortgage broker could help you find the loan option that suits your situation.
If you are considering purchasing an investment property, contact us on 0419 898 898 for more information on your loan options.