One of the growing trends is clients looking to buy an investment property now – with a view to house their kids whilst attending University down the track. Let’s face it – its never too early to plan regardless of how old the kids are.
Given the recent growth of the property market, the cheapest time to buy an investment property in Adelaide was yesterday – especially in prime areas close to the city which would be important for proximity to the universities.
We’ve all had that “if only I bought in this area 10 years ago” moment, so the strategy definitely holds up that says – buy now and put a tenant in and then if and when your kids attend Uni, you are set to go (with the added advantage of them getting some housemates in to help cover costs).
If you have ever researched the costs of college accommodation, you will know that its an expensive way for your kids to live. So having their (your) own property not only provides them with safe and secure housing – buying the right property in the right area will see strong capital growth and assist in that money going back into your retirement planning – not someone else’s pocket.
And if the kids don’t go to Uni? – doesn’t matter – you’re still left with a solid performing investment property.
Let us show you the numbers and assist with your wealth creation strategy by investing in property – one that even your kids can enjoy.
If you would like more information on how this works before jumping into anything, simply fill out your contact details here or drop us a Facebook Message easily here, along with any questions you have and we will be in touch shortly. No obligations, just the facts.