Your Journey to Property Wealth
With the right strategy, there is never a bad time to invest in property. Over the past 100 years, Australian property has typically grown in value on average 10% p.a. It’s not 10% every year, it works in cycles, usually 2 or 3 years of really good growth, 5 or 6 of flat and a couple of years of negative growth or retraction. The property growth cycle is often debated, but history shows this as fact, although no one has a crystal ball for the future.
There are few investments better than property. Residential property weathers the economic, social and political cycles better than most investments. Whatever your age or stage of life, property has both the flexibility and the wealth-building power to deliver an earlier, more secure, or more prosperous retirement.
Whilst many people know you can create wealth using property, most don’t know how. There are 1.7 million property investors in Australia, yet less than two percent own five properties or more. Worse still, more than 60% sell their property and get out of the investment market in the first 2 to 3 years.
This is mainly due to:
- Lack of experience
- Lack of confidence
- Incorrect strategies
The secret to buying 10 properties in 10 years means understanding how to manage the holding costs of investment property, getting the right financial setup for an investor and knowing how to reduce your debt, not your lifestyle.
If you are ready to start (or continue) your journey to wealth through property, Think Money can provide the missing links of education, support and proven strategies to enable you to achieve success.
Look forward to seeing you soon