Investing in Property & Buying Property Through SMSF
Property has been a method of measuring wealth since the concept of ownership was invented. Most wealthy people have either made their money from property or use property to underpin their wealth. Property has and always will be a wanted and important investment option.
Investing in property gives you a great deal of control over how your investment performs. You can see the investment and you can control the look of it. You have some control over the return of the investment by the rental return you ask (as opposed to shares where you rely on someone else controlling the way the company performs) and property is easy to buy and sell.
But the real benefits of owing a property is the income you can earn from it and the Tax incentives that the Government has to offer. Due to the population growth the long term increase in value of a well located property is just about assured. This capital growth is passive income and the trend in Australia is that the property values double about every ten to fourteen years. As such it’s never too late to start and the sooner you do the better off you will be in the long run.
The cost of an investment property is predominately covered by the tenant paying rent and attractive tax concession provided by the Government which makes investing in property more affordable than most people realize, in turn building wealth through investment property. One can even acquire a Self Managed Super Fund property by buying property in SMSF. Property is an excellent base to underpin your retirement and is a valuable asset to provide long term benefits to you and future generations.