When you buy an investment property you are not alone. You have two new partners with a vested interest in your success. You will be providing a family with somewhere to live and they will pay you rent. The taxman will also become your partner. Depreciation schedules and negative gearing are the major tax deductions available in the Australian tax system and are the way that the taxman can help you succeed with his contribution towards your ongoing expenses.
One of the major advantages that property has over other investments is leverage. Being a lower risk investment makes residential property more attractive to banks when it comes to loans. Where a bank may lend up to 50% against shares or managed investments they will generally lend a greater percentage against residential property. That means that you need less of you own capital. If you have equity in your own home, you may not need to put any money in at all.
This home was built in 2004, representing significant low maintenance.
A near level landscaped allotment of approx. 522 square metres is privately located at the end of a no through road.
Complete with reverse cycle split system air conditioning, quality floor coverings, window treatments and appliances.
Current rent received is $270 per week until August 2009.
Close to all Mount Barker conveniences.
What's the next step?
Your phone call will always be welcome to arrange an appointment for inspection.
RLA 187143
