If you're looking to build wealth over your life for retirement or other purposes, real estate is a great option to think about
Why invest in property?
If you are a first time investor, real estate is a great choice as the ins and outs of houses and apartments in Darwin can be easier to understand than other investments such as stocks and bonds.
Plus, real estate can be a less volatile choice than shares or other investments and you will receive a steady amount of income from your tenants.
Another benefit is that the interest on the loan you take out in order to purchase the property is tax deductible.
You may also benefit from capital growth if your home increases in value.
Investment property can be a way to guarantee for your future as it is an easy way to ensure you have a retirement plan as it can create future cash flow.
Tips for property investors
Make sure you keep in touch with market research and industry news so you can gauge where the up-and-coming suburbs will be.
If you plan on renting out your real estate in Darwin, look for a property in close vicinity to schools, transport and other amenities as these services are what tenants tend to look for.
Finally, enlist the help of a professional property manager to ensure your investment is in safe and capable hands.