What’s the Return on My Investment?
Land prices have gone through the roof, which means that new home prices are rising.
Why has this happened?
- Homebuilder Grant allowed a lot more owner/occupiers to buy property.
- More purchasers meant that available land was snapped up very quickly.
- This left low supply and high demand.
- Landowners/developers are asking a higher price for their lots.
Add to this the global pandemic creating supply issues for building materials also means that construction costs have also risen.
Is investing in real estate still worthwhile?
YES! YES! YES!
The answer to this will ALWAYS be YES.
The average return on your investment (ROI) in real estate for a NEW home nowadays hovers around 4%.
Is that good? It's great compared with money in the bank which in most cases gets less than 1%.
Top that off with the fact that you have
- an asset that grows in value,
- gives you equity
- earns you income, and
- doesn't cost you a whole lot in upkeep because it's new,
and you are definitely on a winner.
What type of ROI are you getting now?
Would you like to speak with a Trusted Advisor to walk you through the best option for you?
Regards.
Tony Myers.
0418 433 377