Australia’s rental marketplace has long had a reliance on small investors, but in recent years the number buying residential real estate in Brisbane’s inner city has been low. After the strong rental growth of 2006-2008 returns have leveled off and big capital gains aren’t considered a sure bet, at least in the short term. Finally the growing confidence from self-managed super funds may give investment property a much-needed new buyer group. One with a longer term view of returns.
Once considered an option only for the very rich, we’re recording more and more property sales to self-managed funds. These are often mums and dads with a decent but not massive sum in their funds, who are using the growing acceptance (and sometimes enthusiasm) from banks to fund a residential property purchase. Accountants and other advisers are learning more about the required structures, and despite tinkering from the government there’s increasing confidence in this as a way to leverage your retirement savings.
The set-up isn’t ridiculously expensive or time-consuming, the bank loan is limited-recourse, you can get some real diversity in your retirement fund and it gives you greater control over the asset’s management. Many of us know and trust real estate as an investment vehicle and directing some of this nation’s enormous superannuation reserves into housing can only be a good thing.
Worth a call to your adviser?
Now this report comes as no surprise to us (probably most Brisbane property managers know all about it), but today we read a report about the Oaks Group, onsite managers for several of Brisbane’s inner city towers, letting out residential car spaces to inner city workers.
We’ve just read all the news online about the new fine imposed for leaving your bin out for more than 48 hours and we don’t strongly disagree.
As an agent we’re given the property you own, that you spend your hard earned dollars keeping, and you trust us to do our very best to manage it.
Property investors have generally been left in the dark ages getting any timely access to info on their rental properties.
No matter the tenancy screening we do or the interviewing of tenants, a strange occurrence of matching tenants with owners often just happens!
