You should not want to consider property as an investment just because you like or believe in property.
In fact you should consider property whether or not you believe property is the best form of investment, creating wealth and producing another income stream, saving taxes. You should learn first before you consider or dismiss property investment as an option for you:
Property is full of lies, biased and outdated information.
Discover all the miss-beliefs, myths, bias, lies and out-dated information. Find the truth and then decide
How will you feel if you discovered that you can own and hold 4 or 5 investment properties for the same amount of money that you spend to service one only home loan?
There is a major wealth shift happening in Australia right now! Learn what’s happening, how it will and is effecting you regardless if you do anything about it or not.
The way we are bought up, where do our life’s beliefs system come from? Why do we think and act the way we do on major decisions?
Do you really believe that you can more easily afford to have 4 or more properties than just one live in home, if not why not?
Do want to believe that you are worthy of much more?
Do you believe that you don’t have to be a financial battler for the rest of your life?
You don’t have to live life as your parents or grandparents did.
In the last 20 years there have been times when the stock market fell by 42% and recently, as we all know, the market fell by 47% and super funds have dropped on average by 44% through-out these periods. Real estate prices have never lost more the 10% to 15%.
Right now a drop of 7% is being reported as a crash, remember it’s coming down from the previous year's all time high of an increase of 25%, which economists say was unsustainable anyway. I totally agree, therefore it had to come down.
It's called a correction in the market which is normal after a very high period.
During the low times in the market is always the best time to buy property, prices are low, money is cheap, lowest interest rates for over 40 years, income explosion, rents are at an all time high in Melbourne and predicted to rise further in the next 12 months by up to 22% more.
Huge expanding population with over 75,000 people that have come to live in Melbourne, each year for the past 2 years in a row and it will continue. Where are these people going to be housed? Low stock, the slowing of the market, and the sub prime crash has had an effect on developers and speculators - you win.
Hot stock properties valued under $350,000 are in high demand but buyer beware - yes beware - why are they so cheap in the first place? Because they are most likely in low capital growth areas, so therefore are not good investment areas.
Remember investing is about making money, making profits, saving taxes, and creating long term wealth for you and your family.
In property investing, it does not really matter if it’s a buyers market or not. The real question should be, is it a great capital growth area? For real profits come from capital growth.
If you study property growth cycles over the past 40 years, in every 7 to 10 year property cycle, there is always a low growth period, and then a very high and fairly long growth period followed by a small period of no growth or even a small loss period.
It’s a fact that Melbourne has averaged a growth of 12.5% over the past 20 years.
You only need a 10% increase every year for 7 years to double the value of the price of the property. What if the way you have been brought up and taught about money, income, homes, children, investing, and taxation matters was the wrong information?