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How You Too Can Achieve Financial Freedom with Property Investment

 

Achieving financial freedom through property investing is within most people’s reach, including yours.

But the earlier you start investing, the greater your chances of building a property portfolio that will generate an income that’s capable of letting you live the life you want.

The good news is that it has rarely been easier to take the first step on your property investment journey than in today’s property market. That’s because reduced prices and record low-interest rates make entering the Sydney property market a more affordable proposition than it has been for some time.

After you’ve taken your first step and, over time, both the value of your property (capital) and your rental income (yield) should grow. As your property grows in value, the equity in your investment property will grow too. You can then leverage this equity to invest in a new property and grow your portfolio.

While most property investors start their journey using negative gearing – ie the rent they receive doesn’t quite cover the mortgage repayments – this changes over time. Once they start paying down their loan and the market rises, their equity grows and the income they receive increases to the point where it outstrips repayments.

When that happens to your investment, you’ll start earning passive income which can supplement your other earnings and eventually, when you retire, even replace your income altogether.

For this reason, your wealth as a property investor usually depends on:

How soon you purchase
The market conditions you purchase in
How many properties you own, and
How long you hold onto your properties for.

That said, there’s no set number of properties to which you need to aspire. You should always base the size of your property portfolio on your own circumstances and financial goals. You should also be prepared to be flexible. There may be times you’ll want to sell a property and rationalise your portfolio, especially if you’re changing your investment strategy or you need the capital in your property to meet other goals.

Information for this article has been sourced from The Property Investors Alliance.

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Six Reasons Why Aussies Are Buying Sydney Apartments For Rent To Achieve Financial Freedom

Choosing between buying a house or an apartment depends on your financial situation, your lifestyle as well as your overall goals. While some people prefer the bigger space of living in a house, others prefer the practicality of inner-city living. From price to space and maintenance requirements, here are six good reasons the majority of Aussies prefer owning an apartment complex high up in the sky as opposed to owning a house and a piece of land.

1. Easier entry into the property market

Renting is widely recognized as being cheaper than purchasing a home, as you do not need to pay for the ongoing maintenance of the property, council rates, and strata fees or interest rates on a mortgage. Apartment living, in particular, is even cheaper than renting a house. If you’d like easier entry into the Sydney property market, looking at apartments for rent in Sydney would be a great start.

2. Convenience and community

Apartments for rent are typically located closer to city centers and offer the convenience of urban living and efficient transport. In addition, you’d be in a building shared by other residents, so there will be more of a community feel than what you’d get by renting a house. Many apartments for rent also come with shared outdoor spaces which are great for relaxing and socializing.

3. Security

Apartments for rent offer a lot of security compared to the average house. From CCTV cameras security doors and parking to keycards and concierge in newer developments, apartment living offers a lot of security and peace of mind. Importantly, if there’s ever an emergency, you’d be glad to know that help is only a door away.

4. Amenities and facilities

Apartments for rent will typically offer communal facilities and amenities such as communal gardens or rooftop terraces, pools, entertainment rooms and gyms. Some newer buildings also offer laundry, childcare, and car washing services.

5. No maintenance hassles

When it comes to maintenance, apartments for rent typically have little to no maintenance costs or expectations involved. Apartment complexes generally have smaller, simpler green areas that are usually looked after by professional gardeners and tradespeople.

6. High-rise views

Unlike a house at street level, apartments for rent offer high-rise living and the views associated with living in a taller building. Whether it be a district, city, parkland or water views, there’s plenty of choices. If you love balconies, rooftop terraces, and seeing a wider frame of the horizon, apartment living can give you just that.

*Please note information from this article was sourced from The Property Investors Alliance