Should I Sell or Rent?
Should I sell or rent? Let’s just put this out there upfront – we are NOT financial advisors. What we can tell you is from our own experience.
Every day the industry is reporting on the buoyant state of the Perth property market. Median house prices are rising, rental yields are rising and interests rates are at an all time low. In our experience, this is the best market to build your long term rental property portfolio. By building and keeping a rental investment, you can take advantage of the capital growth and the positive cashflow generated by high rental yields with low holding costs. It’s the trifecta!
Each time you invest in property, you need to have a goal in mind. Are you looking for long term growth? Positive cashflow? Passive income? Quick turnover? The answer to each of these is going to be highly dependent on your particular financial situation and life goals. That’s where you need to get advice from professional financial planners and/or your accountant.
As with all investments, it’s best to look at the long term game. What do you want this investment to do for you?