Are you looking to sell or rent investment property? Deciding whether to sell or rent an investment property is not an easy decision to make. There are many contributing factors to consider before you make your final decision.
Here at Adobe Real Estate, we pride ourselves on having a deeper understanding of the neighbourhoods in Western Suburbs. With our expertise, we are the top agency to give you the best advice when it comes to your investment property.
Benefits of renting out your investment property
Renting out your investment property in Perth comes with many benefits. One of the main reasons why people opt to rent out an investment property is for a steady flow of monthly rental income. Depending on your situation, renting out your property could result in an income to well and truly cover your needs.
Many Australian homeowners will also elect to rent out their investment property due to various tax advantages you may be able to claim. This could include claiming interest on your mortgage or taking advantage of negative gearing.
Capital growth is another key reason for renting out your property. Property prices may not change much in the short term, but the significant capital gain will likely be enjoyed in the medium to long-term.
Pros of selling your investment property
If you’ve recently changed your job, or find it a hassle to travel to work from your home, then putting your investment property for sale may be a wise decision. Putting your property up for sale allows you to have the needed cash for your move.
The financial climate will often dictate whether it is a good time to sell or rent your investment property. Waiting out to sell for too long may result in a depreciation of the value of your property.
What to consider before making your decision
Any decision regarding your investment property is a major one. Some of the considerations involve matters of tax, the financial climate or the latest market trends. These factors should all be properly weighed up before making your decision.
If you have not made up your mind yet, then Abode Real Estate can help you. With a team of highly skilled professionals, we are the leading real estate agency capable to assist you with all your investment property concerns in the Western suburbs.
Would you like more advice on how to best manage your Perth investment property? The experts at Abode Real Estate are here to help. You can give our team a call on (08) 9381 9111 or email us at . Please visit our website for more information.