Powered by MOMENTUM MEDIA

Refine your own investment strategy, recommends buyer’s agent

investment strategy, planning, concept, recommendation, buyers agent, property investment

Refine your own investment strategy, recommends buyer’s agent

By Sasha Karen | 30 January 2018

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.

Advertisement
Advertisement

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.

About the author

Refine your own investment strategy, recommends buyer’s agent
investment strategy, planning, concept, recommendation, buyers agent, property investment
spi logo

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.