Feb 19, 2015
The article goes on to say: "Based on the current low-interest rate environment and housing supply shortage, a continued average 8.52 per cent per annum increase could see the Sydney median house price reach $1.84 million by 2024, $9.45 million by 2044 and a staggering $48.5 million by 2064”. That's a property worth $1.84 million in 2024 being worth $48.5 million in 2064!
Whilst housing is currently so affordable, doesn’t it make sense to buy an investment property and get the growth of potentially millions of dollars, for in the majority of cases, an outlay of a deposit? For as little as $50-$100 a month to top up a negativie cash flow, or structured right $0 per month with a small deposit. We are so fortunate in Tasmania
many investors that I have come across have been able to pop aside a little bit of money each week to form a deposit and now have a portfolio of 5, 10, 15 investment properties This is not a fairy tale - it is within the reach of the majority of people with just a little bit of planning. Please don’t think this is an elitist thing, this is within the grasp of most people within steady employment.
If you would like to discuss buying an investment property, please call my team on 03 63315544.
To read Otto's full article, click the link here.