First National Real Estate

INTRODUCTION PROPERTY REPRESENTS A SECURE, LONG TERM FORMOF WEALTH CREATION. AS SUCH, AUSTRALIANS ARE INCREASINGLY TURNING TO PROPERTY INVESTMENT TO SECURE THEIR FUTURE. A well-managed investment property can offer distinct advantages, including income and capital growth. Many investors are able to use their investment property to reduce the tax payable on their assessable income. Property is also an important component of an entire investment portfolio, particularly, for people who do not need immediate access to their money and wish to protect themselves against inflation over the long term. It is important to be aware, however, of the responsibilities of managing an investment property and assuring its proper care. As considerable sums of money are involved, you should take the time to develop a comprehensive understanding before you act. This booklet is the first step in the process and is designed to provide an overview of the considerations required for any owner of an investment property. Remember, consideration of any financial investment presents wide and varied alternatives and there are always plenty of experts ready to share their opinion. It is wise, therefore, to always seek appropriate advice from a qualified financial adviser or accountant. PROPERTY MANAGEMENT GUIDE 4