One of the most prohibitive deterrents of investing in real estate is the upfront cost.
Convenient car parking spaces can be a very lucrative
investment and in capital cities like Melbourne & Sydney, some people will
be willing to pay a premium, to rent out a space which is close to work or
home.
Some very savvy property investors have started acquiring
inner city spaces as investments, taking advantage of high yields and capital
gains.
In Australian capital cities, demand far outstrips the
supply of car spots in CBD locations, airports and near sporting facilities.
Many of these spaces are strata-titles and they are very
easy to maintain, unlike purchasing an investment property.
If you do need to borrow funds to invest, some lenders
classify car parks as "specialised property” and view these as a higher-risk
investment.
If you need a loan, contact us @ propertyloans@realrenta.com and we will arrange for our broker to contact
you.
You can use RealRenta to automatically manage the tenancy of
the parking space for you- it is really easy and once it is set-up, you won’t
have to do a thing!
You can also advertise your space for free on RealRenta and our partner websites
(Rent.com.au & Homely.com.au)
Start your Free Trial of RealRenta here: https://app.realrenta.com/Signup.aspx
Marlene Liontis
Wednesday, 29 January 2020
