PHOTO: How to make money as a professional property investor. Source: Getty
There’s something that seems to be common to lots of Australians — we love to own property. Of course, it has become harder because most of us want to live either close to the CBD of major cities, near beaches or close to other great facilities that makes non-work life really enjoyable.
One of the pluses from the tragedy that has been the Coronavirus has been the work-from-home trend, which undoubtedly will see a lot more bosses entertain their staff working more from home.
This will increase the demand for properties in outer suburbs or even in country towns that maybe are one to two hours from the city or a major centre for employment.
At the same time, a lot of CBD apartments that used to be for foreign tourists and students are now on the long-term rental market and some investor/property owners are deciding to sell. This means some apartments that would have been too expensive for young locals to buy might be more affordable, especially if they’re being bought to rent out.
Many first home buyers, who can’t buy a property in the suburb where they want to live in, actually buy a home and rent it out until they can afford to live in their purchased property. By doing that, you can benefit from tax deductions that make the buy-to-rent deal work out.
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