Property is a wealth creation investment which most people can understand. As long as you are prepared to be patient property is an incredibly powerful way of using equity that you accumulate over time to grow your wealth.
Why is property, and residential property in particular, so powerful? In Australia, we currently have the best environment in the world that encourages investment in property. Everyone either rents or owns so therefore property has to be a hugely accessible investment.
As long as you have some savings to make the initial deposit, you can make a start through investment in property. However, the details of doing it right are vitally important.
- Residential property – learn more about the most common investment made by retail investors and how to make a start.
- Commercial property – be aware of the specific characteristics of commercial proprety investing.
- Real estate investment trusts – consider REITs if you need exposure to property but don’t want to or can’t yet afford to be a landlord.
- Property Syndicates – explore both formal and informal syndicates and access the checklist to help get you started.