Tuesday, November 23rd, 2010 - Brian Chant & Property Asset Planning
There has been much in the news lately about investing in property in the US due to the economy decline over there. Whilst the low prices may be ideal, there are a number of reasons why investing in the US may not be a good idea and questions need to be ask before you think about it. What’s the area like? Will I be able to rent the house out? Are their hidden costs?

If you are thinking about investing in property, instead of looking to overseas markets why not invest in your own backyard. Here are some top reasons why you should be investing in Adelaide…

1. Adelaide is a good growth centre and is not as volatile as the east coast of Australia where prices soar one minute and plummet the next

2. Adelaide’s vacancy rates are less than 1% at the moment and in some areas 0% where whatever you build today will be rented tomorrow. The rental market in Adelaide is very rent savvy and renters will want to live in a brand new home over an older property

3. The big real estate player and the Real Estate Institute of SA say now is the time to invest in property in Adelaide…and the city continued to be ranked highly in The Economist’s World’s Most Liveable City index

4. If you purchase interstate you are controlled by their laws and legislations so a lot more research needs to go into investing in this market

5. The SA economy had higher per capita growth than Australia as a whole

At least purchasing in your own backyard means you can see what you are buying and understand the area…and more importantly for investment properties, with Adelaide’s low vacancy rate there are people looking to rent.

Contact Profile

Brian Chant & Property Asset Planning

I was 29, working for one of Australia’s oldest building company and earning in excess of $100,000 a year but paying 50cents in the dollar in tax and hating it!

If I had continued doing this, it was clear that I wouldn’t have enough money to retire with. When I looked at how much income tax I was paying I used my knowledge and experience from working in the building/real estate industries along with a lot of research and saw there was a better way for me to secure a better financial future for myself and my family.

So I purchased my first property at 29 and received a significant tax deduction and thought I have to do this again!! And almost 20 years later, at 45, I own my own home, have multiple investment properties in Adelaide and have reduced my income tax to $0 over a 5 year period.

How did I do this? By using the ATO rule book which encourages everyone to reduce our taxable income as long as we are helping out the economy in the process. Investing in property enables you to do that.

I now have my own company, Property Asset Planning, that educates people about investing in property before they purchase. We work with you to find you the best property for what you can afford and provide you with detailed information acquired from my knowledge of the industry and my own experiences with investing in property.
Rick Carter
P: 0412 813 870
W: www.propertyassetplanning.com


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