The question is, what does this mean for investing?
Blogger: Josh Atherton, Portfolio Property Investments
RP Data-Rismark home value index is up 3.8 per cent on this time last year with Darwin, Sydney and Melbourne leading the increase. Brisbane came in with .06 per cent growth.
The question is, what does this mean for investing in property this financial year (2013/2014)? Its safe to say that our expectations of a housing market doubling every seven to ten years should not be in our mind when we are looking for property investment areas. Property investors should be looking for solid yields with moderate but safe growth prospects in key regional cities as well as our capital cities.
Using research when investing in property can help property investors identify areas that might grow beyond this capital growth trend. Identifying undervalued suburbs where demographic changes are likely, or infrastructure projects could happen within the next five years are just examples of what to look for when researching investment properties and areas.
The best piece of advice I give to people when investing in property is to not just ‘expect’. Capital growth is no longer a certain thing in the short term, as property investors we must work harder and smarter to achieve results even similar to what the last two decades has delivered those property investing families across the country.
About Josh Atherton
Josh Atherton is at the top of the game, making his mark on the industry alongside others from the new generation of portfolio investment experts. In recent years, the strategic approach to property investment has shifted away from the ‘negative gearing’ strategies of old. Now, well informed portfolio investment strategies are delivering solid returns for investors, and this shift is largely attributed to progressive thinking from a younger generation of investment consultants, like Josh.
From a young age, Josh’s passion was for property investing and development. Combined with his entrepreneurial flair, this steered him towards making a decision to move from Melbourne to Emerald in Queensland. During his time in Emerald, Josh immersed himself in the knowledge of the region, overcoming many hurdles, to deliver himself a $190K gross profit in just over 12 months.
In reflecting on his experience in Emerald, Josh realised he had learned from the obstacles and mistakes he’d made. In that moment, Josh decided he wanted to share his experience with other investors, so that they may avoid some of the pitfalls and curveballs inherent in developing a portfolio investment plan in an emerging region. Portfolio Property Investments was born.
Josh went on to duplicate the success from his first development in Emerald, improving on his experience with more streamlined strategies to build wealth across the next few years. He has become well regarded as one of the first specialised property experts in the region, with a loyal online following of keen investors seeking the next “hotspot” for investment.