If you want to buy an investment property in Perth link investment property in Perth before the end of this financial year, then you better get a move on as there are just two months to go. While purchasing property should never be a rushed affair, if anybody is considering the purchase of an investment property before 30 June, then they should be sorting out their finances and looking at suitable properties now. This is particularly the case for first time investors.

Some investors will choose to leave it to the last minute and hurray their purchase before 30 June, simply as a strategy to claim the allowable tax deductions associated with the investment during this tax period..

Most people however wouldn’t be inclined to do that, because it could mean that as a buyer they have not had adequate time to properly research the Perth market in terms of price, rental returns, availability of stock and so on. Experienced real estate investors allow themselves plenty of time to select the best possible property for their needs and budget.

If you are a first time investor, perhaps encouraged by local news about our improving economy and lower unemployment rate, then now is the time to be talking to professional financial advisers about your aspirations and the amount of money available to you to invest. You should also be considering the areas to invest in and plan to inspect suitable properties.

Don’t forget to include Government stamp duty into your costs.. Stamp duty along with some other costs, such as agent’s fees, are tax deductible when you sell the property in the future.. For more information visit the Australian Tax Office website..

People always ask me to give them a tip as to “the best place in Perth to invest.Unfortunately, there is no answer to this question.. It depends on your budget and what you want your investment property to do for you.. Are you focused on rental returns, capital growth, land prices, development opportunities or tax deductions? Will this be a long term or short term investment??

There is no such thing as “the best place to invest,” but, rather “the best ways to invest”.. That means getting competent financial advice from professionals. Then talk to some real estate agents about good opportunities in the areas you like..

If you are pressed for time but want to purchase before 30 June, then you might also choose to engage the services of a Buyer’s Agent to assist you.

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