Why is owning real estate an Australian dream? Putting it quite simply, Australian’s love real estate because they are familiar with it. Everyone lives in some form of residence. If they own it outright, mortgaged, pay board or rent, we all have an emotional attachment and a direct experience.
Owning a property is very empowering, offering us a feeling of success and prosperity. Many people trust their own decisions when it comes to real estate. Receiving guidance and advice, further enhances a person’s confidence as the responsibility is shared. Many find it comforting to have a property adviser or coach helping them through it.
Property is seen to be safe. If it’s an investment, it provides capital growth over the long-term while earning a monthly rental income in the short and long-term. Having an asset that is tangible also helps people appreciate the vale of real estate. Tax incentives such as tax depreciation also increases the general appeal to buying property. The newer the property, the higher the tax depreciation available.
For a first home buyer, occupying their own home presents a sense of independence. Taking the first step is terrifying, but once achieved it really changes the way people think about money, lifestyle and their financial future.
At Crest Property Investments, we equally love real estate and have a huge passion to share the journey with you. Our office specialises in buying new and off the plan property. Contact us now for a free consultation. We welcome the opportunity to help.
While we have taken care to ensure the information above is true and correct at the time of publication, changes in circumstances and legislation after the displayed date may impact the accuracy of this article. If you want to learn more, please contact us. We welcome the opportunity to assist you.
July 2017
