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Property Investment
When Should I Buy an Investment Property?
The most common questions we are asked is "When is the right time to buy an investment property". We understand how difficult it can be to make sense of conflicting industry experts saying the market is at a low point or overheated.
The most important thing to understand about property investment, much like share investing, is that "it is not about timing the market, but time in the market". Another way of saying this is, if you could, would you buy your parent's home now at the same price they paid for it many years ago?
What we see all the time are people trying to time the best moment to enter the residential property market, and the vast majority of the time they are left behind wishing they had bought when prices were comparatively low.
Furthermore, according to Residex: “It is never the wrong time to buy a property. However that statement comes with a caveat that it is only true provided you pay the right price for a property. The right price is the real market price.”
With Aussie Best Loans Centre, you see a detailed, full independent valuation before any decisions are made - clearly stating what similar properties in the same location have sold for recently. Our clients never pay more than the stated independent valuation price, so you pay the right price.
Probably the most important thing to bear in mind when deciding to buy a property is whether or not you are ready, both financially and in terms of your financial understanding of the process. As part of this, ABLC never allows the purchase of investment properties where the LVR is greater than 80% of the investment property and other security properties. |
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