Our research of the Central Coast region continues to translate into on-ground realities like the ATO Office. The Central Coast region continues to show high growth potential as the construction of the new ATO office in Gosford nears completion, and 600 new jobs are being advertised. The Federal Minister for Revenue and Financial Services Kelly O’Dwyer said, “Many of the 600 recruits would begin work later this year.” Construction to date has injected over $7.5 million into the local economy, with most of the work being completed by contractors local to the Central Coast region.

A picture says a thousand words, so we present to you pictures of our Wagga Wagga Event. Our strong ties with clients in the Riverina area continues to strengthen further. The evening also saw the attendance of many new faces, which was very encouraging.

In our last blog, we outlined the benefits of buying a positive cash flow property and how our research helps you get the best property for your individual needs. We promised that we would tell you more about Dual Income Properties so here it is. We love affordability and positive cash flow in any investment property. Since you can find both of these in dual income properties, we love these properties a lot. You may ask what dual income properties are? Simply put, one property, two incomes. In most cases, people buy a plot of land and then construct either an attached (two dwellings sharing one wall) or detached (granny flat) accommodation. There are other ways of doing it, for example, a duplex apartment but the most preferred way is house and land. How is a dual affordable? 

There is be much talk around affordability of property these days, from federal and state Government, to people on the streets. However, this concerns the Sydney and Melbourne markets only. We do not agree with the idea it is hard to get affordable investment properties in high growth experiencing areas or regions expected to have strong growth in the future.

The majority of Australia continues to be affordable, even when the entry point in markets like Sydney and Melbourne are higher than average. With proper research and planning, you can still invest in positive cash flow (read our previous blogs to get more idea about positive cash flow properties) which are affordable. The question we ask is; would you call a dual income property, which generates around $580 a week as rent, located 30 minutes from the CBD for $484,000 affordable? Absolutely you would.

What is a positive cash flow property? Simply put, it is a property which earns income higher than what it costs you to own and maintain it. You need to carefully calculate how much income you are going to receive through rent and estimate the expenses that you are likely to incur e.g. interest repayment, council and water rates, insurance and so forth. As a first time investor, it does not put any strain on your regular income; it, in fact, generates a new income stream. Any surplus that you achieve can be reinvested or used to meet an objective. If you research well before investing, you can get properties that are not only generate positive cash flow but also appreciate in value quickly.

So how can Silverhall help? Read further to know more.