Why Not Start Your Investment Portfolio with an Apartment?

Low interest rates, strong availability combined with lifestyle changes make apartments an excellent first investment.

The current environment of low interest rates and reasonable supply of apartments is making it an ideal time for investors of all ages to start their property portfolio.

For people looking to downsize, an added bonus of selling their family home is there may be enough equity to allow the purchase of a new, smaller property as well as an investment. We are finding younger people wanting to get a start in the property market will often purchase an apartment as a first step, while living cheaper else where.

The following is a good outline of why buying an apartment is often a sound investment:

• you can select from basic one bedroom units all the way up to penthouses - there is something for every budget
• the increase in 'off the plan' projects ensure they are close to facilities, transport, and equipped with air conditioning, dishwashers and off street parking; ensuring they will maintain their value
• there is a high demand for apartments to lease with prospective tenants usually outweighing properties available
• maintenance tends to be much lower for apartments than for houses

If you would like to discuss the pros and cons of investing in apartments or any property on the northern beaches, contact Joe Iemma or Isaac Teu at Doyle Spillane today, 9981 3799.