Property Management & Investment Guide
A few thoughts on purchasing and managing investment property......
Property represents a sound, secure long term form of wealth creation. As such, many people are increasingly turning to property investment to secure their future.
A well managed investment property can offer many advantages including income and capital growth. Investors may also be able to use their investment property to reduce tax payable on their assessable income. Property is also a good option as part of an investment portfolio, particularly for people who do not need immediate access to their money and wish to protect themselves against inflation over the long term.
It is important, however, to be aware of the responsibilities of managing your property investment and assuring proper care and responsibility. As considerable money is at stake, it is important to take the time to get good advice before you act - and remember, consideration of any investment presents wide and varied alternatives. There are always plenty of experts ready to pass on their opinion.
It is wise, therefore, to always seek appropriate advice from a qualified Accountant and/or Financial Advisor.