Why Property?For hundreds of generations past, property has always separated the "haves" from the "have nots". The vast majority of millionaires have made their money through property, and the good news is, you can too. Why? Leverage At work is a principle whereby property prices rise steadily over time. Well positioned properties tend to double in value every 7 to 10 years. Just think of your own house: if you knew what it would be worth today when you bought it, how many would you have bought at that price if you could have afforded to? Two, three, four? Many experts predict that a house that's worth $1 million today should be worth about $2 million in 7 to 10 years’ time. With increasing birth rates, record levels of migration, longer life expectancies and demographic changes in terms of more single-person households, the pressure on property values must increase. The good news is that it's never too late to invest in property. And owning a second property is much easier and far more affordable than your first home. If you have sufficient equity you can borrow all the money you need to invest; the repayments can be made by tenants and as an extra bonus the Federal Government provides attractive tax concessions to property investors. This combination makes the property investment exercise very affordable. In summary, investment properties generate: If you have 7 to 10 years to work with, a well positioned affordable investment property portfolio can give you the financial independence and freedom that many of us aspire to. |
Latest News
|