BUILDING WEALTH THROUGH PROPERTY FOR NEW INVESTORS

April 26, 2021

Building wealth through property can be intimidating if you don’t know what you’re doing, but St Trinity Property Group is here to assist and make it as seamless as possible. Whether you are a first home buyer looking to purchase your own home or you are considering an investment property, real estate is a popular option for solid wealth creation. We are here to help from the moment you consider the idea to analysing suitable properties, ensuring you have your finances in order, right through to the final step of securing the perfect investment property for you.

We collaborate with you to take the stress out of building your wealth, aiming to solidify your investment plan – inclusive of portfolio planning, securing the property as well, and maximising the potential of your investment.

If you are a first home buyer, there are many grants available to you when investing in your first property purchase – some requiring you to live in the property for a given amount of time. However, not only will you save money on your investment property through grants, but you will earn equity in your property which you may be able to leverage to purchase another investment property! 

Alternatively – as a first home buyer, you could live in the property to satisfy the minimum requirements of obtaining grants and then rentvest! These minimum requirements differ from state to state, and each grant/scheme – You should consult a professional to advise your decision.

Rentvesting: “Purchase an investment property in an affordable area and rent where you desire to live.”

If you are a first home buyer purely looking to purchase an investment property or you are already in the property market and looking to purchase an investment property, your aim should be to earn income through leasing your property, which in turn pays down your mortgage. 

When investing in property, negative gearing can also be an effective way to deduct a loss (from your investment) against other income. 

Negative Gearing: “This is a commonly used term used to describe a situation where expenses associated with an asset (including interest expenses) are greater than the income earned from the asset. Negative gearing can apply to any type of investment, not just housing.”

“Individuals who are negatively geared can deduct their loss against other income, such as salary and wages….Deductions for costs incurred in producing income recognise that different people have different costs in producing income.”

Building wealth through property comes in all shapes and forms and is not a one-size-fits-all. This is why St Trinity Property Group is here to help and guide you on your own personal property investment journey. Whether that be as a first home buyer, new investor or experienced investor, finding the perfect property couldn’t be easier.

To find out how to best use these property investment tactics to build your portfolio and wealth, talk to us on 02 9099 3412 or see our investment property options available

*The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs.

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