With regional economic growth, quality lifestyle choices and surrounding major suburbs only a short length away, Port Stephens is a place to consider purchasing your new investment property.
Port Stephens has plenty to offer prospective investors, being one of the east coast's most famous tourism destinations attracting over 1.3 million visitors a year and only two hours from the Sydney CBD.
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With a fast-growing population and a vibrant business community with key commercial centres the area has huge potential for future development and expansion to accommodate further commercial properties.
The main benefit of commercial property investment is that it generally offers higher returns than residential property investment, it is easier to achieve a neutral return and it is a lot easier to maintain.
The current local market offers around a 6% net annual return on a commercial property in comparison to an average 2-3% return on a residential property.
The current average selling yield in the area at present is sitting around the 6-7% mark, anything over this being an exceptional investment.
Commercial Property investment should be an easy process if managed the right way. Investing in commercial property offers a range of benefits such as tax depreciation rates being extremely effective and the ability to purchase through several different entities e.g. a company, partnership, trustee or individual. Your own self-managed super fund also offers tax effective ownership benefits.
Other benefits include annual rent increases at fixed rates, long term leases and recovery of outgoings/expenses on the property from the tenant.
As an investor you expect a return and want a simple and easy process in purchasing and managing your asset.
Having recently moved to the Port Stephens area and familiarising myself with the local market the Port Stephens commercial activity only seems to be becoming more active and is bringing more investors into the area.
With regional economic growth, quality lifestyle choices and surrounding major suburbs only a short length away, Port Stephens is a place to consider purchasing your new investment property.
As your new local Commercial Specialist at O'Meara Property, I bring over 15 years of experience in the real estate industry, with expertise in all facets of commercial sales and leasing, special projects, commercial asset management and business development.
My focus is on building strong business relationships and providing a high level of consistent service, professionalism and knowledge to achieve the required result for my clients.
For more information call 0427 099 900 or contact O'Meara Property on 02 4980 4400.
