If you are an Australian under 35, looking to make a clever investment, real estate may be the perfect option for you. With an increasingly competitive property market in Australia, investors under 35 have more opportunities than ever before to capitalize on the lucrative potential of real estate investments. This blog post strives to provide helpful insights into what Australian property markets are doing for investors under 35, helping them make informed decisions and secure a better financial future.
Advantages
One of the biggest advantages for investors under 35 is access to properties at a lower price point. With the current trend of property prices rising, it’s often difficult for younger investors to break into the market. Fortunately, there are still options available – such as houses and units in secondary markets or properties that require some renovation work. In these cases, it may be possible to purchase a property at an attractive entry-level price while also facilitating future value growth with renovations.
Off-Plan
Another great opportunity that exists within the Australian property market is purchasing off-the-plan apartments. This involves buying an apartment before construction is finished; meaning that you can gain ownership at a discounted price due to its unfinished status. Plus, you get to take advantage of the potential value growth that will occur when the property is completed and put on the rental market.
Growing Areas
Finally, investors under 35 may benefit from buying development sites in growing areas. These can be particularly rewarding investments as they’re often available at discounted prices with considerable potential for capital growth in the future. You should always do your homework before investing in this type of property – researching local planning regulations, surrounding infrastructure developments, and so forth – but it can be a great way to get a foot into the real estate market while leveraging your position over time.
Real estate is an excellent option for young Australians looking to make an investment. There are numerous opportunities available within the Australian property market which provide a range of benefits for the savvy investor. With research, dedication and smart financial decisions, investors under 35 can make the most of their real estate investments for a brighter future.
