Or is that just wishful thinking?

Irrespective of how much research and investigation you have done you cannot guarantee the amount of growth you will achieve or the time it will take to achieve it. Even if an area looks like it is about to take off and all the pointers are there. There is no guarantee that will happen. 

That's because many of the drivers of growth will be outside your control - you can't control the economy, government decisions, lender policy, business decisions, global markets, interest rates etc.

You also don’t know when the market is going to hit the top and start declining. Look at Sydney which had enjoyed double digit growth for about 5 years. The heat has now come out of the market and prices are declining. Which means people who bought in the last 12 months in particular are now seeing their asset value slip.

In most cases gains in property like any investment are going to happen over the long term. Sure, short term wins can happen but building your whole strategy around that would be more like speculation rather than investment. 

If you take a longer-term view, growth continues to be important but so does cashflow. You need to be able to afford to hold this property through all the ups and downs that the market and life might throw at you. If a property is costing little to nothing to hold or in fact fully paying for itself then holding over the longer term becomes much more manageable.

That's why our approach with clients is to develop a strategy and find property that will have little to no impact on their household budget and lifestyle.

What's your strategy?
Click here to go to my calendar to Book in for a FREE telephone appointment with me to discuss how you can benefit from the current market.

 

Thanks

Greg Carroll
07 3849 9822
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