Are you considering joining the hundreds of thousands of Australians who have become successful property investors by taking the investment opportunities available to them? Or are you looking for property investment opportunities so you can add to your property portfolio? Here's a tip: if you are ready to buy but waiting for the right real estate investment opportunity, that moment could be now. Or more specifically: between now and the end of the financial year.
Bring forward your property investment opportunity tax benefits
You can't necessarily time the peaks and troughs of the property market. You can, however, time the purchase of a property investment opportunity to maximise your taxation outcomes. And that investment opportunity exists between now and 30 June 2012. With only a little over two months until the end of the financial year, you could be putting yourself in a position to bring forward a host of taxation benefits for your property investment opportunity.
Of course, the aim of every property investor is to achieve long term capital growth; tax benefits shouldn’t be the primary goal. However, investing in property investment opportunity involves significant up-front costs and, while we expect those costs to be recouped many times over, a short-term cash flow boost would be welcomed by most investors.