Why Real Estate
Real Estate is without doubt one of the finest investments you can ever make.
A real estate investment is a low-risk investment that has the ability to out-perform almost every other investment. Over the past 30 years real estate in New Zealand has grown by 10.05% per annum. Therefore, if you had invested in property over 30 years ago you would have received a 10% return per annum, and that does not even include the rent you would have received from tenants or the tax refund that would apply.
If you own, or part own, your home, you already have equity, so it could be extremely easy for you to invest in another property. By using the principle of gearing, it is possible to control a real estate investment with a small amount of money, which means that you may not need to pay out any cash.
With property investment you can use 'negative gearing' to your advantage by off-setting the income you receive from your investment with the expenses you incur.
Property Investment has been known to develop significantly wealthy people - it could do this for you!
What to Look for
- Generally good condition
- Outdoor living - some private area, courtyard, terrace etc.
- Good size bedrooms - at least 2 double bedrooms, preferably 3 bedrooms
- Good, functional kitchen and bathroom
- Neutral décor - e.g. carpets
- Garaging - off street parking is essential, lock-up preferred
- Dishwasher preferable
- Low maintenance, small section
- Fenced Property
Professionals, Redcoats Limited have a rentals division called Oxygen - Visit them at www.oxygen.co.nz
If you need further assistance while looking to rent or renting your property, please contact us.