SMSF property investment in Canberra includes purchasing real estate as a way to make a profit. The real estate could be apartments or homes to rent, commercial property to rent, or flipping homes.
When choosing the property as an investment, you need to determine how to go about it. Do you want to keep the property long term, such as renting the space, or would you rather improve or update the structure and resell for a profit? Once you know how the investment works best for your situation, you must also choose the right tax and insurance strategies for the SMSF property investment in Canberra.
Managing property investments yourself can be overwhelming, especially in areas such as taxes and insurance. Having an advisor guide you through the process will help come tax time, and keep your investment safe should an unfortunate accident occur. Not only do you need to worry about fire or flood, but if people are working or living on your property, you may have liability issues as well. It is best to keep ahead of any problems that could develop with property ownership, even if it is for only a short time. Better to have things under control than allow them to disintegrate into a major issue.