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The McCarthy Interview

 

If your family home is in an Australian capital city, it is likely to have increased in value by between 5 and 15 per cent over the past 12 months. This might seem hard to believe, but it is the message in the special property supplement of the Australian Financial Review dated January 22-26, 2010. And the news gets better – the strong growth will continue through 2010, meaning that property owners will have experienced one of the strongest periods of growth since 2004. The exception is Brisbane, where property prices have remained flat through 2009, but are expected to rise strongly through 2010.

What this means is that you could well be sitting on a golden opportunity and the chance of a lifetime. This increase in the value of your home might well have increased your equity by the amount you need for a deposit on an investment property! In other words, you could now be sitting on the deposit you need. The interest repayments on the mortgage and other costs will then be virtually paid for by the combination of rent from tenants and tax concessions from the government.

In one year’s time, your family home could have increased by a further 8 to 10 per cent, and your new investment property as well, meaning you could then buy a second investment property, placing you well on your way to creating a future where your financial freedom could become reality.

This is an opportunity that has been gifted to you despite the GFC. You have to recognise this windfall gain for what it is, and act upon it. Doing so will open up a whole new dimension to your financial plans and your future prosperity. It is like being awarded a penalty kick right near full time in a hard-fought football match. Would you place the ball on the spot, score a goal, and win the game, or would you think it’s all a bit hard, kick it into touch, and walk off the field?

If your family home is in one of the capital cities or one of the many regional areas that have shown strong growth, you are in a position to score and get into the world of investment property, and never look back.

However, you have to act, and act soon, as this combination of increased equity in your home, house prices that are set to grow further, and low interest rates, will prove very attractive to many homeowners, so you need to read the signs and get into the market and beat the rush.

You heard the good news first on Freedom News, which is what this newsletter is all about. We want to help you build your family assets, and this is the perfect time to do so. Act now, and savour the returns at your leisure.

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