The chances are that you have heard of it, passed through it once or a couple of times, or probably cheered a popular sportsperson from the area. Wagga Wagga is home to over sixty-five thousand people who call it home, and the dramatic and picturesque landscape is something to look up to.
But the beauty of this beautiful area transcends its landscape, transport routes, booming industries, and remarkable education sector, Wagga Wagga is also home to a thriving real estate business.
It may interest you to know that Wagga Wagga ranks highly and impressively among top Australian suburbs; it came in 12th among top Australian suburbs — making it a choice location for real estate investors seeking areas with high potential returns on short to long term capital growth (ROI), viable and profitable rental reruns and of course, low/minimal risk.
Why is real estate Wagga Wagga such a big deal?
Real estate business in Wagga Wagga has been in the spotlight for a very long time, and the investment in this sector is soaring at an incredible pace — thanks to a consistent and profitable increase in real estate capital growth.
Factors that make real estate Wagga Wagga stand out among other regions include affordability, accessibility, demographic and population growth, employment opportunities, impressive rental yield and rental growth potential, minimal risk on investment, and, of course, long and short-term capital growth potential.
In addition to all of these, Wagga Wagga has been named ” a great place to retire”. Its attractive educational sector also plays a role in the booming real estate business because of the large number of students residing in the area. Not to mention the host of remarkable medical facilities in the area. Last but not least, the army bases sited here also contribute to the increased housing demand. Now you can see why real estate Wagga Wagga is on the lips of virtually everyone.
How to invest in real estate rentals in Wagga Wagga
As we hinted earlier, real estate Wagga Wagga is a consistent performer, and the grounds are fertile for those seeking to join the booming property business. With the median house price hovering around $322,818, one can easily afford a mortgage.
From riverfront homes to land and real estate, Wagga Wagga has something for everyone at budget-friendly rates. Having mentioned that, take a look at ways you can get started in real estate.
1. Real estate crowdfunding
Just as the name implies, this strategy involves raising capital from a large group of people. It can be done online via platforms that serve as a meeting ground for both real estate developers and investors. While you are at it, you should have it at the back of your mind that it’s not all real estate crowdfunding platforms that allow non-members to pitch their ideas.
In most cases, such platforms only allow accredited real estate investors; by that, we mean individuals with high deep pockets or net worth and, of course, with vast experience in the real estate Wagga Wagga landscape. To get started with this strategy, you would have to create an account on whatever platform you choose to go with, set up your portfolio based on your strategy, and track the progress of your campaign via an online dashboard.
2. Are you thinking REITs?
You would probably be wondering what REITs mean; it’s short for Real Estate Investment Trusts. You can think of REITs as companies that already own, operate or finance real estate ventures and properties. If you are familiar with stocks, they are the ETFs (Exchange Traded Funds) of real estate Wagga Wagga; they own a basket of real estate assets.
If you decide to go with this method, all you have to do is buy their shares and earn a proportionate amount of the Income generated from the assets. As you can imagine, REITs focus mainly on real estates like hotels, malls, apartment complexes, and hospitals. It may interest you to know that at least ninety-nine percent (99%) of REITs annual earrings are shared or distributed to participating individuals.
But that is not all. Another reason why you should consider investing in real estate Wagga Wagga using this strategy is that they are traded in public stock exchanges, and they are not taxed because they are considered as pass-through entities — as such, they are obligated to pay corporate tax. And you know what that means for investors; higher returns on your investment.
3. Real estate limited partnerships (RELP)
Suppose you own properties, and for one reason or the other, you couldn’t keep up with funding/financing the development, lease, or sale of the property, you can merge your funds with that of another investor to cushion the financial pressure. That way, it becomes easier to manage or afford because you have taken some weight off your shoulders.
Unlike REITs, Real estate limited partnerships ( RELPs) are a form of private equity (they are not traded in public exchanges, and they also differ in organization and structure. With most RELPs having a minimum investment of $2,000 +, they are mostly suitable for high-net-worth investors. Other means of taking part in the real estate Wagga Wagga business include house flipping, becoming a landlord by buying houses and leasing them.