Property investment is incredibly popular in Australia – and why not!?
Hundreds of thousands of people continue to make money on property, with capital gains and rental income among the biggest areas of profitability.
Because property has performed so well for so long, it is easy to become complacent – many people adopt a buy and hold strategy without compromise, and some owners don’t review rental properties regularly (or at all!).
While property is not as liquid as some other assets, your portfolio should always be under assessment, and by reviewing and maximising rental income, your asset is worth more now, and later.
Unfortunately, nobody has a crystal ball predicting property values, but there are times at which it can make lots of sense (and more money!) to sell and buy at different times, diversify into different areas or types of property, or simply to buy in rising markets, and sell in falling markets.
Adelaide values grew 0.9% in September, and are up 3.1% in the third quarter of 2014.
Houses in Adelaide are achieving an average of 4.2% yield, and units 4.7%.
BLOC Property’s client portfolio has been consistently outperforming the market in 2014 – if you’d like help with a portfolio review contact us today at firstname.lastname@example.org or call us on 7123 0823.