2022 presents an exciting opportunity to begin investing in Port Douglas real estate. Douglas Shire has ridden the recent market boom seen across regional Queensland, and figures are continuing to look up.
At Property Shop Port Douglas & Mossman, we love helping investors get their foot in the door in the local property market. Our team of professional real estate experts bring decades of combined local knowledge that will give you the best chance of finding success as an investor in this region.
So, let’s take a look at why now is the time is right to start investing in Port Douglas real estate.
A Market on the Rise
As mentioned in our Port Douglas Property Outlook for 2022, this year is an exciting time to become an investor in the region.
This area has experienced a major increase in property sales over the past two years, largely as a result of the pandemic driving southern buyers up to the relatively Covid adverse region of Far North Queensland. Port Douglas, Mossman, and all the markets throughout Douglas region have been caught up in this trend, although we have seen this rise begin to level out as the country and its economy returns to a state more in line with its pre-Covid condition.
Even so, many experts have continued to label regional Queensland – and the Douglas Shire – as one of the nation’s strongest markets. The markets throughout this region have experienced median house prices grow over the past year, and this trend is expected to continue for years to come. All of this points to now being the time to take the dive and begin investing in Port Douglas real estate.
Why You should Invest in Port Douglas Real Estate
The benefits of investing in real estate – Port Douglas real estate in particular – are nearly endless. You don’t have to be a financial expert to see why buying an investment property in this reason can reap you rewards for years to come.
Cashflow
An investment property is an excellent way to earn a steady income stream that will help you pay for mortgage, property management, maintenance, and other expenses. And we do mean steady, as Port Douglas is currently experiencing a rental shortage, meaning you will be able to sign up some tenants to a lease in no time.
An investment property is also a time investment, not just a financial one. As time goes on, your mortgage will go down, your equity will rise, and you will experience more and more rewards as your property continues to generate cash flow.
Tax Breaks
When it comes to tax time, it’s amazing how much you can save by owning an investment property. There are numerous tax breaks and deductions that investors can apply for, but generally, you can deduct the realistic costs of owning and operating an investment property.
Built out Your Investment Portfolio
Of course, you may be a seasoned investor and already know of all of these benefits. However, investing in Port Douglas real estate presents an excellent opportunity to diversify your investment portfolio.
This has several additional benefits. For one, it consolidates your position in an always-volatile national property market. And it allows you to access an entirely new market of prospective tenants who would love nothing more than to live in the sunny, relaxing, and magical Far North Queensland.
Invest in Port Douglas Real Estate with Property Shop
With the local property market looking as strong as it currently does, now is the time to begin investing in Port Douglas real estate. Contact our team today to discover how we can help you kickstart your investing journey.