A Finance blog by Paul Bennion.
Purchasing real estate is all about the timing as much as the location. If you are in the right place, at the right time, offering the right price, you can be very lucky with your purchase. That’s why it makes sense to consider purchasing property when there is less competition from other buyers.
With many people distracted by Christmas and the summer holiday season, December is traditionally the quietest month for property sales, with significantly fewer buyers in the market. Astute buyers can take advantage of the slower pace and secure a bargain.
During December, buyers may find that sellers are more willing to discount on the price of their property, particularly if it has been listed for sale for a long period of time,” said Paul Bennion, Managing Director of DEPPRO.
This year, property investors can also avail themselves of very attractive fixed interest rates, which are now at their lowest level in years,” he continued.
Bennion advised that any investors looking to purchase in December should consider using the services of a professional tax depreciation company to ensure a depreciation report can be completed within an acceptable period of time.
Choose a tax depreciation company that is a member of the Australian Institute of Quantity Surveyors (AIQS),” he said.
AIQS ensures that its members maintain a high level of standard and services. Membership is restricted to companies that have appropriate educational qualifications and who have demonstrated the required level of professional competence after a statutory work period.
For more information, visit www.aiqs.com.au