If you’re wrestling with your first investment property decision, how do you feel knowing that billionaire property developer Harry Triguboff has just purchased $96 million worth of residential sites in Sydney?

If the timing’s right for Triguboff to do it on such a huge scale, could it also be right for you to invest on your own (albeit smaller!) scale?

It’s been said that success leaves clues. Well, here’s a pretty big clue, from the country’s most successful property investor;

“I am buying because the rents are going up. The rents are going up constantly. That gives me the confidence. That is the natural demand, it has nothing to do with the Reserve Bank or the state government or the federal government”, said (Harry) Triguboff.

Could you afford your first investment property? If you own your own family home, it might just be possible. If you have enough equity in your family home, this could be enough for the deposit, with the balance coming from a mortgage from the bank.

With a 20 percent increase in property values in capital cities in the past 12 months alone, it’s very likely that the opportunity to buy a new investment property is sitting right beneath your feet.

Once you make the decision, there are many benefits for your family.

• Your first investment is the start of your property portfolio
• This gives you the comfort of having a cornerstone for your retirement (we actually recommend four investment property cornerstones, one for each decade of your retirement)
• Over time rising rents will enable you to have a positively-geared investment, where you receive income from the properties even after all bills are paid
• The increasing value of property, compounding every year, means that your wealth will increase continually, even while you sleep
• You will have the opportunity to help your children to get a foothold in the property market when it comes their time to invest.
• Finally, your investment will help fund your retirement to ensure that your Golden Years are just that – golden!

If Harry Triguboff can invest in property on such a confident scale, is there any reason why you can’t use the same principles to invest on a smaller scale? If it’s true that success does leave clues, one could do worse than follow the trail of HT!

If you would like to learn more and discuss how McCarthy Group can assist you, click here.

Source: “Rent spurt spurs Meriton buying spree”, p53, The Australian Review, Tuesday 20 April 2010