Investing in real estate is one of the wisest financial decisions you could ever make because of its numerous benefits. Real estate is considered by many as the best wealth producing vehicle because it can give fantastic returns on your investment and tax advantages, to name a few.
According to Expert Props, real estate can create so much wealth because it offers constant cash flow and high tangible asset value that appreciates over time. If you are currently in the market searching for a real estate investment, then be sure to read on. This article will discuss why you should consider house and land packages in Austral for your real estate investment.
Huge Upside Potential
Austral is a suburb in Sydney that is currently on the rise because of developing shopping centers, other facilities, and local schools. This means that it has enormous upside potential because it isn’t fully developed yet.
Investing and buying in early is undoubtedly an advantage because you will reap the rewards in the future when your real estate investment as appreciated. According to the National Association of Realtors, real estate is known to increase in the value of about 6 percent per year, including times of economic downturns.
Easily Accessible and Near Business Districts
Austral is located southwest of the Sydney Central Business District and 42km away. Liverpool, another major city center of South Western Sydney, is 10km away. Transport hubs are a few minutes away, making commercial areas easily accessible.
Investing in house and land packages in Austral is a good idea because it is located in a good neighborhood and near essential locations. Austral will undoubtedly see significant growth soon because of all the developments that are happening.
Earn Rental Income
Austral is poised to become a promising location for families because of its proximity to schools such as Thomas Hassall Anglican College and Western Sydney University. It is also a desirable location for employees and business owners since its near business districts and city centers.
You can take advantage of this demand by owning a house and land package and renting it out to individuals or families that need housing in Austral. By doing this, you are getting passive income through rental revenue and predictable cash flow; this could give you a minimum of 5% added cash flow.
House and Land Packages are Customizable
When investing in house and land packages, you are buying a lot through a developer and selecting a house builder or designer. This means you have the option to personalize the space and structure of your home by choosing your preferred designer.
Customization is not possible with traditional real estate investments because they commonly build uniform houses. Another benefit of house and land packages is that they are less complicated compared to conventional real estate investments.
From the reasons mentioned above, doing real estate investing in Austral is, without a doubt, a sound investment. You can never go wrong in investing in this location because you will be positioning yourself as one of the pioneer investors of an up and coming desirable suburb.