COVID has presented challenges that have truly tested careers within the health profession. Depending on your line of work, some of you were incredibly quiet and others incredibly busy. For some it was a year that showed health practices are not quite as resilient as we had thought. Perhaps it’s time to consider not putting all your eggs in the one basket and hope it is worth something to help see you through your career and into retirement.
Here’s a few questions to help you decide if property investment is a good option for you:
- Do you have a passive source of income to see you through periods of illness or that would allow you to stop work at any stage because you want/need to?
- When you reach the age of retirement, will you: o have enough money in superannuation to retire permanently or in a phased (planned wind-down) approach comfortably?
- have a source of passive income to maintain the lifestyle you have become accustomed to?
- have paid off the mortgage on your principal place of residence?
- have been able to set your kids up for a secure future?
If your answer to any of the above questions is “No”, then definitely read on.
Now is the time to look at a personal investment avenue that has a proven resilience even in times of global disaster. I’m talking about property investment.
The property market did not suffer the negative returns predicted by many economists despite lockdowns and open homes/auctions moving on-line. CoreLogic found house prices between July and September 2021 were up almost 8% in regional areas and around 2% in capital cities.
A recent survey undertaken by the Regional Australia Institute found one-in-five city residents are looking to move to country regions, more than half within the next 12 months. In fact, more than half said they were already considering the move prior to the pandemic hitting.
Between July and September 2021, the Australian Bureau of Statistics reported a net loss of 11,200 people from the nation’s capital cities. With more people working from home, looking to escape traffic, for more space, to reduce stress and improve quality of health and life generally, we are seeing and will continue to see a growth in outer suburbs and regional towns. With interest rates at an all-time low, increased ease and access to bank funding and a shortage of stock on the market, 2021 will see property investment returns soar for the savvy investor.
How do net returns of 60%+ on your money sound? Find out how to achieve this through low-risk, small property developments such as the purchase of land and building a house, townhouse or duplex to obtain instant equity and passive income. Becoming a small-time property developer does not require access to millions of dollars and small projects can make you a 6 figure profit in 12 months. As a health professional, you have access to special deals for certain steps in this process that aren’t available to the general public. Together with the most favourable market conditions that have existed in decades, don’t miss out on the opportunities. Read on to learn about the process.
A duplex is a residential building that has two units under a single roof. The two units share a common dividing wall that splits the building into two separate homes. Also known as dual occupancy, each unit acts as a totally separate home with its own amenities, entrance and yard. Both units can be on a single title, which would mean you would have to sell both units together.
If you subdivide your duplex into two different titles, which is the preferred option for investors, you’re free to sell them individually as single units or keep them and refinance them. This method will also achieve a much higher valuation for equity creation to help fund future projects and purchases so that you can build up your property portfolio, ultimately helping you towards your goals.