Ill get to the property stuff in a bit, but first I need to vent. Ive been following the US election process closely for a good 12 months now and, apart from becoming increasingly proud to be an Australian, its made me realise the extent to which fear sells.
On one side we have facts:
The US economy has surpassed its depression era recovery to record the highest number of consecutive months of growth.
On the other side you have someone whose policy begins and ends with the slogan:
I alone can protect you.
It is mind boggling that, in light of the economic performance I note above, masses can be sucked into this simple rhetoric. Fear, it would appear, is a business and business is good.
The same applies, although with less insanity, to the Australian property market. Too often the hurdle of fear restricts our view of the bigger picture. We procrastinate, we make excuses and we wait for the perfect time to invest. Unfortunately, that seldom comes around. To invest in the right property, you may need to pay a premium over the wrong property. Remember, value is more important than price. In order to invest in the right market you may have to get out of your comfort zone and look beyond your backyard. To invest at the right time you may have to compromise on the interest rate you pay.
What I do know is that the pros of the current state of the market far outweigh the cons, its just a matter of looking beyond the fear. Here are just a few:
Record low interest rates
Lowest holding costs in two decades
Good value, if you know where to look
Property has outperformed the equity market over the past thirty years
Below average rental growth
Supply exceeds demands in some locations
Developer risk financial capability
Finance risk important to stress test and know your numbers
Ill leave you with this:
Courage is not the absence of fear, but rather the assessment that something else is more important than fear Franklin D Roosevelt.
I for one know that my financial future is far more important than fear. My colleagues share my thoughts, thats why more of them have invested in 2016 than any other year. Get educated, establish a professional support network and take action.
Where Are The Property Markets?
In the month ending October 2016, Sydney prices grew at a rate of 0.81%. Melbournes price growth was 2.3%, while the nations capital experienced 2.38% growth. Hobart witnessed a 0.14% increase, Brisbanes prices rose by 0.07% and Adelaide recorded a 2.11% increase. Darwin and Perth decreased by 2.21% and 2.47% respectively.
Get educated about property, get the right advice and ensure you have a dedicated and qualified support network. There’s no better time to start than today.
Written and Sponsored by Blue Wealth Property
Blue Wealth Property, property investing is a very powerful way to create wealth and our research is the foundation upon which we have supported thousands of Australians worldwide.