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Following is the video transcript
Property investors often think they need to choose between investing in residential property or commercial property. The truth is, you’re better off with a mixture of both.
Residential might have a greater number of potential tenants, meaning a lower risk of vacancy. However, commercial property often has higher rental returns, which can help you reach financial freedom faster.
Smart investors will balance both residential and commercial property within their portfolios. Commercial investments commonly deliver an 8 to 12 per cent return compared with an average of 3 to 4 per cent for residential.
Commercial property delivers a steady, long-term income stream, with longer, more stable leases. With commercial property, the owner is not responsible for outgoings such as Council and water rates, or insurance as they are typically the tenant’s responsibility.
Wherever you choose to invest, be it Mount Gambier, Penola, Naracoorte or Millicent, with a good commercial property manager taking care of day-to-day issues like maintenance, repairs, and rent collection, you can enjoy a steady return with very little effort involved.
Please do not hesitate to talk to our team about commercial property investments.