Benefits of Buying a Home in Australia

1
Benefits of Buying a Home in Australia
2
Buying a house is a lifetime investment and there
is no doubt about it. Even if someone buys a
property, it never goes to waste after all
property is bought after proper consultation
with the real estate agents and family members.
Buying a house is not a decision taken in a
second. It requires days to think about it.
Buyers have to go from thinking about the
budget, location, future prospects, and whatnot.
There are a lot of factors that impact such a big
decision in life. People buy homes not just to
reside in but also to use as an investment
property. For whatever reasons you buy a home,
let us tell you that this would be one of the
major and beneficial decisions you will ever take
in life. Buying a home in Australia will serve
you a lot of benefits such as
3
Tax Advantage
This is a sort of guarantee for homeowners that
they will not lose as much money on an
investment. Australia has a tax break which is
referred to as a negative gearing. The term means
that your expenses and interest payments are more
than your returns. This means that even if the
prices of the houses appreciate every year and
you have positive cash flow, it may still be
losing money. On the other hand, negative gearing
loss includes the computation of a lot of
factors such as your property income, property
expenses, and depreciation. You will have to
figure out the amount you can deduct for
depreciation, but you can also hire an
accountant for that. The expenses include
capital items, revenue deductions, building
allowances, and much more. If you see a loss,
you can even get a tax break on all your income.
It works by offsetting the net rental loss
against your other incomes. The result is that,
for tax purposes, you get less income. It means
you pay fewer taxes at the end of the financial
year. This advantage is one of the major reasons
why buying rental properties in Australia becomes
appealing to investors.
4
Stability

• Did you know when the United States real estate
  market crashed in 2008, Australia managed to
  stay afloat? Even if the other countries such as
  Spain and Ireland suffered from the bust, the
  Australian government was able to stop house
  prices from falling in 2019 primarily.
• One of the best decisions they made was to give a
  higher amount of grants to first-time home
  buyers. For instance, from 7,000, they
  increased the grants to 14,000 and 21,000 for
  established and new Australian homes,
  respectively.
• Many people even opposed the massive increase.
  However, it is still one of the biggest factors
  behind home prices in Australia remaining on the
  top.

5
Real Estate Market is Strong
The real estate market is normally very dynamic.
You may never know when things will change. But
if you have a real estate agent by your side,
you will be able to take a wise decision. A good
real estate agent will be able to tell you the
difference between a buyer's and seller's
market. Once you know this, you will be able to
take the right decision. Buyer's Market It is a
market condition in which the supply is greater
than the demand. Seller's Market-It is a market
condition in which demand is greater than
supply. In this market type, more people look
forward to buying homes than there are people
who are looking forward to selling homes. So, you
can ask your real estate agent about the same and
if you go by the decision of the real estate
agent, you will definitely benefit from it.
6
Amazing Scenic Views
It is no secret that Australia has some of the
best scenic views in the world. If you want easy
access to such views, then moving into the
country will be a wise move. However, different
regions offer different types of views. So, you
will also have to take that into account when
choosing where to buy a property in Hampton Park,
or nearby suburbs.
7
Living Standard

• In this aspect, Australia has a good performance.
  It measures greatly on aspects such as income,
  education, environment, health, life
  satisfaction, and others.
• Overall, it is a good place to look if you want
  to move somewhere with a guarantee of getting a
  great standard of living.
• Taking about public transport, it is of high
  standard in Australia. You can easily commute
  using buses, trains, trams, and taxis.
• If you plan to explore the other regions too,
  flying tuns out to be a great option. This is
  because of the low prices of the domestic
  flights. Infact, buses and interstate trains are
  also available and these are some of the cheaper
  options.
• When it comes to weather, Australia has a much
  warmer weather, so it is a plus if you do not
  like the harsh winters.

8
Accessible for Foreigners

• This is also one of the major benefits. Australia
  has strong policies for foreigners purchasing
  properties in the country.
• The Foreign Investment Review Board (FIRB) is the
  one that regulates investments by foreigners,
  whether in property or in the business.
• You will definitely have to go in through some
  hoops to become eligible to purchase a home. You
  will also have to follow some rules too.
• For instance, you cannot buy an established home
  if you are not planning to live in it full time.
  You can, however, buy a newly built property if
  you plan to only live there a few times. You can
  also buy new ones for investment purposes.
• Future potential growth of the property market
• Buying properties is always a popular choice for
  investors in Australia, and with good reason.
  Our market has consistently delivered results
  over time, and for mortgage brokers, investment
  clients are just as valuable as the traditional
  home buyer segment.
• Real estate investment is based on three factors
  the ability to find a tenant to keep up with
  repayments and deliver rental income, the ability
  to develop equity in a property that can be
  leveraged over time and the chance to use bricks
  and mortar as a form of managed funds, letting
  assets sit and accumulate over time.

9
Access to Equity
Equity is the counter argument to the claims that
money invested in buying a property is hard to
get out. Well, it might be a complicated and a
time-consuming process to sell a house in
Australia, it is always possible to leverage the
equity gaining in real estate to buy a new
house. Or you can even get a better deal from
your mortgage broker on refinancing. If you have
a real estate agent by your side, you can even
sell your property in no time. For that you will
have to contact the best real estate agent in
Hampton Park, Cranbourne, and nearby suburbs.
10
More Control in Decision Making
Investors love to be in control which is another
benefit to a long-term investment in property in
Australia. If you buy an investment property in
Australia, you get more control over your
decisions regarding your home. For instance,
rental yield often rises and tenants can be
changed every 12 months. This is done to keep
maximal revenue coming in. Also, you can invest
more money anytime on your property. This will
enable you to improve and enable price growth
either through higher rents or by selling the
property at a greater value. So, this is how a
buyer gets full control in taking decisions. This
is probably not possible in the case of other
investments. On the whole, buying a property in
Australia will always pay off, if not today but
in longer run. It will prove to be one of the
safest and the best investments you will make in
your lifetime. If you are someone who is looking
forward to buying a home in Hampton Park,
Cranbourne, or nearby suburbs, contact the local
real estate agent in Hampton Park
11
Get In Touch
PO Box 137 Lynbrook Victoria 0425843786 carlton_at_
carltonvaz.com.au Content Resource
https//www.jasminerealestate.com.au/post/Benefits
-of-Buying-a- Home-in-Australia--
12
(No Transcript)