Is it still worth being a landlord?
Is it still worth being a landlord?
Weigh up these complex issues before you decide if it's still worth it.
Approximately 90% of Australia’s residential rental market is provided by 2 million private landlords, over 80% of these own a single property and 50% are negatively geared (based on 2019 ATO data). This means that half the market is relying on capital gains for a return on their investment.
With ongoing predictions of housing price falls, increasing costs (9 of the top 10 costs, including interest rates, increased last year and are predicted to increase again), and legislative uncertainty (in addition to other legislative changes the Greens are wanting to introduce caps an rent increases), numerous landlords have decided that it is no longer worth being a landlord.
On the other side of the coin, Australian property investment has a very long track record of positive returns and if the fall in housing prices is temporary and if the demand for rentals grows with increased immigration and reduced supply, then the future could be bright.
Don't miss this opportunity to get expert advice and insights on the benefits of being a landlord. In this webinar, we cover:
- financial risks and rewards
- legal requirements & regulations
- property management strategies and more