We are all aware that property makes a great investment, but what type of property makes an ideal investment property. Residential property makes the ideal investment for a number of reasons.
Everyone is familiar with residential property. We either live in a house or flat and understand that they are easy to let and maintain.
Residential property has a history of increasing between 7-8% per annum on average over say a 10 year period.
Most property investors are cautious by nature, they have worked hard for what they currently have and don’t want to burden themselves with a poor investment option.
Residential property is easily understood and easily let thereby avoiding lengthy vacancy factors and offers very reasonable rental returns.
There has been a remarkable increase in buyer enquiry with the interest rate cuts, this is good news for both sellers and buyers alike.
Call me anytime if you wish to have a chat about investment property, I would love to hear from you.