IS PROPERTY A GOOD CHOICE?

Written on the 31 May 2016 by Peter Gwynne

IS PROPERTY A GOOD CHOICE?

UNCERTAINTY around superannuation in the lead up to the July federal election has people taking a flight to property investment as they look to escape the clutches of self-managed and institutionalised super funds.

Choice Home Loans Varsity Lakes managing director Peter Gwynne says people were looking for certainty in an uncertain environment.

"While self-managed super funds have been all the rage in the last five years, we're now seeing a flight to property by individuals and trusts," Gwynne says.

"Buying investment properties that can be negatively (or positively) geared outside of the superannuation is increasingly seen as a very good wealth creation alternative and gives people more control over their financial destiny.

"The reality is that at present, the supply and demand equation for property on the Gold Coast is very good.

"In the southern states, there has only been minimal capital growth in recent years but here, there is certainly an upside in investing with the prospect of good capital growth in the future.

"The rental market on the Gold Coast is extremely healthy with vacancy rates under 2 per cent, meaning there is no shortage of rental income for investment properties."

Gwynne says Australians had become more savvy with choosing investment strategies with secure financial results.

"People don't like the possibility of governments dipping their fingers into superannuation funds so now they're looking for more certain investment strategies," he says.

"Property is an investment vehicle that gives us greater confidence in the future - history has shown that over time property values increase more than shares, inflation or even wages growth."

Gwynne established Choice Home Loans Varsity Lakes in 2006 and leads a team of qualified professionals specialising in mortgage services and home loan solutions.

 


Author: Peter Gwynne
About: Choice Home Loans Varsity Lakes managing director Peter Gwynne is a multi-award winning financier and is highly regarded as a specialist in the investor and self-managed superfund lending sectors. He has been named in the MPA top 100 Mortgage Brokers in Australia over the past five years as well as being awarded several other industry accolades.

Latest News

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

WESFARMERS' COAL BUSINESS ON FIRE

WESFARMERS (ASX: WES) has lifted its first-half profit guidance due to surging coal prices and higher than expected c...

SIXTH CONSECUTIVE RECORD PROFIT FOR AP EAGERS

AP EAGERS (ASX: APE) will beat guidance with its sixth-consecutive record profit when it reports its full year result...

WINDSCREEN COMPANY SMASHED WITH BIG FINE FOR UNDERPAYING WORKERS

AN Adelaide car windscreens company and its director have been penalised almost $85,000 after exploiting seven employ...

Related News

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter