Why Property?
This is a short list of some of the advantages of Property Investing
- Banks will lend 80%, 90%, 95% for a residential property, some banks will lend up to 105%
- Worst case scenario, banks will lend 70% for residential property (Pure Asset Finance)
- In Australia you will receive a tax benefit for negative gearing to ‘buffer’ short term losses
- Potential to claim depreciation (paper losses) - this will increase your ‘buffer’
- Statistically, Australian property price doubles every 7-10 Years [ 1][ 2] - Could It Be Inflation?
- Everybody needs a place to live (one of the four basic necessity in life)
- Will the bubble last? - Maybe/Maybe Not
Obviously this is not a comprehensive list, please feel free to contribute if you see its necessary
