Are you looking at taking advantage of the property market during this pandemic and don’t know where to start? Not sure what and where to buy, or if you should buy at all?
Has COVID-19 made you feel anxious and uncertain…or can you see the opportunity that lies ahead? Well…you’re not alone.
Some of the common concerns we’ve heard in the Australian property market over the last few months include:
- Buyers are fearful of making a mistake – buying too early or in the wrong spot.
- The banks and lenders have restricted borrowing and they are not sure if they can get financing.
- Are property values dropping and the uncertainty of buying right before a drop?
- They’re wondering if they should buy a home or invest or look at alternative investments.
These concerns to one person can be opportunities to another and have always been around, regardless of a pandemic. Comments like…we are waiting for the market to go flat…or, we are waiting for the market to increase… even when the market is booming, or they’re waiting for the market to go bust.
What we have found over the 20 years we have been in business is, the best time to invest is when you can afford too.
The two regrets I have come across over the years of being in business is, I wish I purchased a property back then, and lastly, I wish I never sold my property.
The reality is, there are great opportunities out there, and yes you have to be careful when selecting your investment now, more than ever, focusing on great properties that suit you.
Whether you’re just getting started or wanting to grow your existing property portfolio, you need to start somewhere and at some time. There will always be a “better time”, but the reality is, those that do the best out of property investing are ones that are in it for the long haul. Those that have the patience to wait for long-term capital growth.
There are interesting things happening in the Australian property market at the moment, but those shouldn’t be deterrents to get started. Our research indicates that Australia is still one of the most desirable countries for foreigners who are setting their sights on migration to restart life in a better country. I think this will only escalate the longer these other countries battle with the global pandemic and Australia’s relative isolation, lifestyle and safety become the target for increased migration, and that means more demand for housing.
If you want to speak to a property specialist, maybe the best place to start is to ensure that you are getting the best home loan and the lowest rate. Correct financial structuring really is the bedrock for successful property portfolios. We have the ability to compare up to 25+ lenders to find you the best home loan that suits your needs and desires.
MakesCents.com.au is a leading online comparison engine that allows you to compare multiple services and utilities to ensure your getting the best rate and saving money.