Welcome to Top Tips Tuesday!

This week’s tip is how to take advantage of the current rental crisis in Southeast Queensland. Now I’m sure many will be aware there’s a real shortage of rental properties at the moment, with many more applications going in on the properties available.

I am seeing regularly on many property forums, people struggling to find a property. So how do we take advantage of this?

If you are currently renting, you should really be looking at home ownership because the rents and the forecast population growth here are all only increasing, and that means that rents will continue to rise.

If you are currently on the rental letter, I encourage you to look at options in terms of finance, what you can do. And if you are not ready to buy property today, speak to a specialist and see if they can give you a plan towards that home ownership in the future.

There are a couple of benefits in home ownership. Firstly, you are in control because you will own the property, you won’t have to worry about increasing rents and you will be paying your own asset off.

If you are an investor there are many benefits? You are not going to have a shortage of tenants lining up to apply for your property and you are going to get a better quality of tenant.

Increasing rents are going to get you a better return on investment, so you’re getting the benefit of capital growth and a very good cash flow return on the property.

If you would like to see the full video click here. 

If you would like to have a discussion about your property needs click here to book a time in my calendar and I will give you a call.

Regards,

Geoff Tomkins

Buyers Advocate

PH: 0404 852 781