Industry analysts and the renting public alike are acutely aware of the housing affordability crisis. The research also shows that 71 per cent of all lower-income, private-rental households struggle to pay rent that is in itself considered unaffordable.
Not everyone can afford to spend a small fortune when buying their first home, which is why apartments will continue to be popular. Factor in the often central location, low-maintenance lifestyle, other conveniences and resale potential, and their appeal is obvious.
Simply put, depreciation is the act of a fixed asset losing value over time. It occurs in all acquired entities. The nature of this ongoing prospect in terms of an investment property precludes depreciation solely for end-of-financial year prioritising. Rather, a concerted financial planning approach and effort ensures that your investment and deprecation remain a cohesive unit.
Many people dread the thought of moving house, but it can be a cathartic and rewarding experience if approached with a positive mindset.