Hello property investor: I hear you’ve finally decided to take the plunge and make that purchase. It’s great that you’re taking the steps to secure your future.
Now, I know you’re a bit worried and I’m here to let you know that everything will be okay. That bubble talk has been around for a decade, in which time the most significant decline in combined capital city prices has been only 5 per cent.
I trust that you’re getting the right advice? Now, if you wanted to invest in shares, you’d seek a fund manager. You got sick, you’d go to the doctor. Investing in your future, you’d see a financial planner. So considering you’re making the biggest investment decision of your life, I’m sure you’re getting professional advice.
What’s that, I hear? You’ve decided to go it alone? You’ve read the books, scanned the blogs and Googled every real estate site you could find and are confident you’ve got this in the bag. It’s great that you’re educating yourself, but here’s why you need to speak with a professional.
- There is no one size fits all approach when it comes to property analysis; the rules that apply to one city or region need not necessarily apply to another. Just recently, the research team at Blue Wealth conducted analysis on the relationship between sales volumes and price growth, taking a fifteen year sample to ensure multiple cycles were included. The results were surprising: although property growth rates in all capital cities were highly correlated with sales growth, the lag between sales and price growth varied wildly, from as little as three months to as much as eighteen! Similar results were obtained when analysing, among other things, interest rates, GSP and private capital infrastructure.
- In the property game, five different sources will give you five different results, leaving navigation of the property landscape troublesome at best. That plan of investing is likely be placed in the too hard basket.
- Ongoing support. Holding a property requires you to be more proactive than holding a basket of shares. Maintenance, depreciation, tenancy, property management: with so many moving parts, you need the support. At Blue Wealth we take hand holding to a new level: dedicated support, access to your own dynamic website with all your property information, proactive research updates and educational events. We know that an investment in education pays the best interest and we’re here to help you build your wealth over the long term
I can see that you’re beginning to appreciate the benefit of research driven professional support. Be proactive, Get educated and establish a professional support network. We’re here to help.
