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Property Agent Australia
Many families have successfully built wealth through well planned property investments. Those who have yet to take the plunge can explore the different options available to them.
Investing in properties is different from cash or fixed-interest investments because the return comes in two forms – a portion of interest from rent as well as a portion of capital as the value of the property grows. The following are some major types of property investments in Australia.
The Family Home
Homeowners already have a property – their family home. First-time home owners in Australia enjoy certain perks from the government through the First Home Owner Grant and the First Home Saver Account. Those eligible for the First Home Owner Grant will receive a payment of up to $7000 to help them buy their first homes. The other perk is the tax- effective First Home Saver Account in which the government contributes 17% on the first $5000 of individual contribution made each year to the account. It’s a great way to save for a home deposit.