More taking control of investment
I DEAL with property investors on a daily basis through property management or showcasing opportunities in popular investment areas such as Edge Hill, Parramatta Park or Cairns North.
What many current and potential investors have realised is the combination of market conditions (a record low RBA cash rate and bottomed property prices) has created healthy rental yields for people with Self-Managed Super Funds (SMSFs).
The popularity of SMSFs has increased as people seek out more autonomy in their investment decisions.
Australia is currently closing in on 500,000 SMSFs, which represents about $500 billion in total assets.
Finance is still, nonetheless, very accessible for investors
Since October 2011, the RBA has tended to lower the official cash rate to stimulate the domestic economy.
Even though June’s meeting of the RBA board maintained the cash rate at its current level, finance is still, nonetheless, very accessible for investors.
Property investment offers a regular income stream for SMSFs.
Property managers can source appropriate and reputable tenants for agreed lease times, manage tradespeople for property improvements and provide the necessary paperwork for SMSFs, allowing them peace of mind and the time to concentrate on other investment ventures. Ross Moller, principal, LJ Hooker Cairns Edge Hill