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Investment Property
Property Investors Best Kept Secret Unveiled
Investment PropertyAre you familiar with the idea of depreciation schedules? If not, no need to worry. It's estimated that over 80% of property investors don't claim depreciation, simply because they don't know they can.
If you're a property investor, now is the time to equip yourself with one of the investment property market's best kept secrets.
A depreciation schedule is a report compiled by a Quantity Surveyor who will assemble and assess a list of all of the items in your investment property that are decreasing in value. As time passes by, your furnishings and fittings take a beating, but what you may not know is that this wear and tear can be tax deductible.
Make The Most Of Your Investment Property
Investment PropertySo, you're an investment property owner. Gone are the days of being someone else's tenant, now the tables have turned and you are a landlord/landlady. Congratulations!
There are a few simple ways you can make the most of your investment property and use it as a vehicle to increase your financial security in the long term. For a start, you can take advantage of depreciation schedules.
You may be already familiar with using negative gearing to your advantage at tax time, but have you heard of depreciation schedules? By having a Quantity Surveyor value the fittings and furnishings in your property, you can claim the depreciation in value against the rental income on each item each year.
Why Invest In Property?
Investment PropertyIf you're already a home owner and are looking to invest your extra cash, you may be juggling up how you could best invest in your financial future. Property investment accounts for about one third of all homes in the country.
It's no secret that the cost of rent is set to rise over the next five years, so now may be the ideal time for you to look into making an investment in property.
The value of investing in property is two-fold, as firstly, properties generally increase in value as house prices rise. Secondly, rental income from your tenants provides you with money to fund your investment and helps you to make your regular home loan repayments.
Investors, Take an Interest Only in the Right Loan for You
Investment PropertyWith the rising house prices of recent years, it's no surprise that an increasing number of home owners are exploring the opportunity to purchase investment properties. If you are borrowing to invest, an interest only loan may be ideal for you. An interest only loan means that your repayments cover only the interest component of your loan.
What are the benefits of an interest only loan? To begin with, an interest only loan offers lower repayments than a principal and interest loan, so this may provide your cash flow with a helpful boost. When choosing an interest only loan, you may receive many of the same features as traditional loans. Plus, you are not required to repay any of the principal, as with an interest only loan the principal is repaid in full at the end of the loan term. The focus here is on reducing your personal debt rather than your investment debt.
