Since the property market has shown signs of a turn around and
legislative changes to SMSF entities have been proposed pertaining to the
discount of capital gains tax, the phone has been ringing off the hook, said
Rapid Realty's Sales Representatives.
The main driver for the increased interest from SMSF is opportunistic.
The positive buy status in "turnkey" and "off the plan"
property, and to a less extent 2nd generation property, is finding the right
time to buy.
By and large investors are finding today's conditions that tick all the
boxes in terms of more upside then downside risk in the tried and true bricks
and mortar of real estate.
The dream of building a retirement nest egg with less risky market
conditions in terms of the:
· upside in
accommodation demand and relatively low vacancy rates
· favourable lending
products in fixed interest borrowings
· likely positive
capital growth over the medium to long term
· cash flow
performance being favourable, and
· great taxation
incentives on capital gains tax
makes the Townsville housing market a "hotspot" for investors.
Aaron McLeod, Principal and Managing Director of Rapid Realty Townsville
said; "SMSF Investors are seeking confidence and credible support and
service in the research data, purchase and ongoing management of their property
asset."
Mr McLeod believes semi-retired investors are worried about the
financial risks off the back of the GFC and the concerns about having poor
quality tenants in their superannuation nest egg investment. It is our job to
disclose all the facts and build confidence for investors so they need not
worry about finding and retaining quality tenants, Mr McLeod said.
With the "one-stop-shop" of services in buying, asset management
and selling, Rapid Realty with its commitment to "real service, rapid
results" is attracting serious investors and a loyal client base in this
sector of the market, Mr McLeod said.
As an active member of Business Network International, Rapid Realty Townsville can assist with bono fide contacts in North Queensland that can provide further information for investors.
Investors are encouraged to seek independent advice from their professional
team of financial planners, wealth advisors, solicitors and mortgage brokers.
Go to www.rapidrealty.com.au
for more information about specific new and existing investment properties in
North Queensland.