Development Investment
In Western Australia’s booming property market now is a great time to invest in property and developments. Galloway & Associates offer their expertise in investment and developments ensuring you receive the most out of your property. You can take advantage of our consultancy services to assess what your best investment options are.
We provide property management services for rental properties, helping you make the most out of your rental investment. We can also advise you on which areas will provide the most profitable returns. We are always on the look out for great investment opportunities to share with our customers.
Our experienced business agents understand what is needed to get the most out of your investment and have the expertise to manage your property. If you want to take advantage of Western Australia’s booming property market, call us today for all the advice and assistance you need to make the most of your investments.
PROPERTY INVESTMENT
- Property builds wealth
- Excellent tax advantages
- Acts as a hedge against inflation
- Constant growth
- Gives you collateral and security
- Can provide for you in old age and retirement
- Investing in property has a multiplying effect
TIPS FOR BUYING AN INVESTMENT PROPERTY
- Do a thorough feasibility study before buying
- Don’t procrastinate. Act decisively to take advantage of a favourable purchase
- Always get more than one opinion on property values, finance options and maintenance quotes
- Don’t put all you eggs in one basket
- Have a written financial plan
- Develop a “rich person” mentality
- Unlock the hidden goldmine in your home
- Adopt a property investment strategy
- Have a “what if” plan
- Be a property investor, not a Landlord
- Understand ownership, taxation and finance benefits
- Acquire the right property and don’t sell too soon
- Work on you retirement strategy
WHY DO 60% OF PROPERTY INVESTORS FAIL?
- They never get started (often through procrastination)
- They don’t plan to fail; they fail to plan
- They don’t acquire the “rich” mentality
- They buy the wrong property
- They sell too soon
- They don’t seek advice from experts
- Advertising costs
- Agent’s and Body Corporate fees
- Insurance – building, contents, public liability and Landlord Protection
- Interest on loan
- Lease preparation and legal costs
- Mortgage discharge rates including legal costs