Investor Gear up Positively for Property

Mareeba, Australia (PressExposure) May 08, 2009 -- First National says now is the time for investors to capitalise on positive gearing opportunities, as rising rents continue to drive rental yields upwards.

"Rental yields are basically at the point of being equal to or greater than current mortgage rates, Selena of Mareeba First National said. "This means positive gearing becomes a real opportunity to maximise the returns on investments."

Positive gearing is when a property yields an above average rental return for the purchase price and/or expenses are lower than average. This means your return outweighs your expenses so you have extra money in your pocket each week.

"The real benefit for investors who positively gear their properties is that the increased income lifts their ability to service more debt," Selena Carabot, said.

"In today's property market this means there is the potential for investors to pick up a property at a bargain price, and charge above average rents in return, maximising their return on investment. "Also, because they have additional income, they are in a better financial position to secure bank loans."

Recent Australian Property Monitor statistics show asking rents on Australian residential properties increased significantly in the year to March, and that year-on-year growth has been strong and is expected to continue.

Rental yields sit at above 8 per cent in Perth, Melbourne, Sydney and Darwin.

"As indicated in our recent Property Outlook 2009, rental yields are expected to remain strong for quite a while due to ongoing housing supply pressure around the nation," Selena , said. Demand for rental accommodation is still very strong in Mareeba and is not expected to slow during the winter months, rental yields have also stood firm especially in the unit segment.

Issued by: Mareeba First National Real Estate For further information or a copy of Property Outlook 2009, contact Selena Principal from Mareeba First National Real Estate, on 07-40922111

About Mareeba First National Real Estate

Mareeba First National Real Estate a company dedicated to the sell rental and management of properties in Far North Queensland. Mareeba Real Estate market is buoyant on the rental side of the story, not so much on the sale side

Press Release Source: http://PressExposure.com/PR/Mareeba_First_National_Real_Estate.html

Press Release Submitted On: May 08, 2009 at 9:14 pm
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