Investors get free insight to rental market
A RISING tide of investors on the Gold Coast has prompted leading real estate agency Ray White Surfers Paradise (RWSP) to hold a Landlord Symposium, giving current and prospective investors an insider’s look at how to maximise their financial returns.
The free seminar, to be held on June 6 at the Southport Yacht Club, will cover various topics including the current rental market; all relevant tax benefits and deductions, tenancy risk factors; maximising investment opportunities; property depreciation and providing the best security for assets.
RWSP Group CEO Andrew Bell said while the event is free of charge it could end up saving or making investors a significant amount of money.
“We have a city-wide rent roll in excess of 2500, so we really have our finger on the pulse of the property management industry,” he said.
“Attending the symposium represents a small time investment for what could provide landlords a significant financial boost.
“There were two factors that prompted us to create this event – firstly an influx of new investors to the Gold Coast, many from interstate, who may not know the inner workings of the Queensland system.
“Secondly, the industry has evolved over the years – legislation governing property management has changed and many existing landlords don’t know this to be the case or how it affects them.
“For many property managers it’s easy to fall into a trap of complacency, but we’re not content with simply collecting the rent each week – we want to maximise our clients’ investments and feel that can be best done through an informative process.
“Real estate is a major financial asset which needs to be constantly monitored to make sure it generates the best results.
“Unfortunately, some people have had to sell due to poor returns, but it pays to consider all options before going down that path.
“After a very tough period on the Gold Coast during the Global Financial Crisis, both property values and rents will increase, so this is not the time for investors to be selling, but holding on to their properties to get the most out of their investments.”
Mr Bell said the time was ripe for the event, approaching the end of the 2015 financial year.
“People tend to re-evaluate their investments and where they’re channelling their money at tax time,” he said.
“Many would be looking at property as an attractive investment next to low-performing bank deposits or volatile shares.
“So we’ll give them the run-down on how property investment can work to their advantage from a taxation perspective.”
A Q&A opportunity will close the event where investors can have their questions answered by a panel of industry experts.
The Landlord symposium will be held at The Southport Yacht Club at Main Beach and will run from 10am to 1pm.
Those interested must RSVP here or contact (07)5538 1555.