Friday 18 March 2011

Investment in property market in Australia: Role of a mortgage specialist

In reference to investments into the mortgage market, it would be better to do homework or consult with a mortgage specialist before you decide to enter into the lucrative property market in for Property Investment in Australia.  A feasible strategy would yield better results even with the increasing interest rates.  The surveys suggest that there is a shortage of rental properties in Australian cities and surging prices indicate that if you pick the right property, you can get exceptionally good return on your investments. 

According to the basic rules in finance and property investment, we can expect a five to ten year cycle for assured returns, with the ups and downs of the mortgage market.  We should have a workable plan to cover our mortgage and maintain cash flow, even if we go through financial uncertainties. 

One Important aspect is to understand the migration tax in Australia if you are new to the country and planning for any investment or settlement in Australia as the Australian Taxation System is different from other Regions on many major aspects.

It would be a good idea to take the services of a mortgage specialist, who would update you with the latest market trend of the property investment Australia.  Nothing can beat the expert advice when you are serious about maximizing your profits on your investments into property market.  The property agents hired by the buyers are equipped with better knowledge of the market and they can help negotiate with property sellers.  They can also come up with valuable information when it comes to the finance part of it.

In Australia the interest you pay on the mortgage and expenses incurred by you in repairs and maintenance of the property are tax-deductible.  You have to make sure that you should not come across a situation, where your maintenance expenses exceed your rental-income and in case it happens you have to be prepared for it.

1 comment:

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