The boom is not over yet: 10 regions positioned for further growth
While housing values in Sydney and Melbourne are declining, an expert has highlighted that there are markets across the ...
No matter what advice you hear or read, it’s always important at the end of the day to consider how it relates to your own individual investment strategy.
According to Andrew Cull, director and founder of Sound Property Group, when it comes down to it, no matter what predictions or statistics investors are presented with, an investor’s own situation must be considered first and foremost, including their strategies and cash flow.
“An investor’s personal circumstances and needs will most certainly change over time,” Mr Cull said.
“For instance, a young family looking to grow their equity will require a different type of investment property, compared to someone close to retirement looking for cash flow. A long-term strategy will ensure these lifestyle changes are counted for.”
When estimating cash flow in the current APRA environment, Mr Cull suggested to overestimate expenses like interest rates and underestimate income in order to safeguard the investment against potential interest rate rises.
In order to develop their strategy further, Mr Cull recommended to enhance their strategy with a team of external experts, such as accountants, financial planners and mortgage brokers; buy into areas that have performed well; and not fall for predictions without looking into it yourself, as those who make the predictions could be falling for a hidden agenda.
“These predictions may suit [the predictor’s] needs, but may not suit yours”, he warned.
An agent is a real estate professional licensed to guide property buyers and sellers with their transactions.
An agent is a person authorised to act as a representative in the selling, buying, renting, or management of a property.
An agent is a person authorised to act as representative in the selling, buying, renting or management of a property.
An investment is an asset or item purchased with the expectation that it will generate income or appreciate in value in the future.