“SWEET 16” AND HARD TO RESIST…..
Okay, so now we’re into a new year and 2016 could not be sweeter for anyone thinking of buying into the Property Market…in fact how could you resist? Prices are at their lowest for the last 10 years. Interest rates are at their lowest, and people looking for property is at its lowest. Crazy! that are out there buying property right now…are the others waiting for property to go up before they buy? Anyway, the question is not whether to buy property right now as that’s a “no brainer”, it’s what sort of property to buy right now that circumstances.
Here is my list of people who should be buying and why:
1. People looking to upgrade or upsize their current home
There are some really excellent ranges, and now is the time to leap on those. So if it’s an upgrade you’re looking for do it now, because the chances are that what you’re selling has not been affected by this downturn nearly as much as the one you are buying has been.
2. Couples planning
to downsize in around 5-10 years
Buy the downsizer now, and rent Who knows what prices will be in like 5 years’ time, and you could
thousand if you do it now – plus it pay it off in the meantime.
3. First Home Buyers
Start getting other people to pay off your properties for you as soon as possible! 4. People paying too much tax Why pay it to the tax man when you can put that money into a property you own? This is where
you but hurry up before they close that could produce another income for you. Buy something with those income that will then pay for itself! Remember, it’s always other people’s money that will make you wealthy, certainly can make good money in Australia – you’re just not allowed to