21 Sep 2021
What is Annual Net Income?
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Hindsight is also sometimes known as the ‘if onlys’. If only I had bought that house when mortgage interest rates were 4%. If only I had bought my first investment property when the property market was at its lowest. If only I had planned better for retirement…
For those who do not have any experience or training in investing, simply dreaming of owning a new home or investment property may be as close as they have ever been. If you have an interest in investing, don’t wait too long. If you consider the following points, the best time to invest could be right now!
With these points in mind, perhaps you could use the following hindsight as one of your research tools to avoid the ‘if onlys’? Notice that the cash rate has stayed below 8% for over 18 years and we are still in the lowest range since June 1994.
We all know that property prices HAVE increased in value over the last 20 years. If this is an indication of things to come, it appears that we have good conditions to be considering buying a home or investment property. If the pension is many years away for you and you are concerned about trying to survive on the age pension when you retire (currently $329.20 per week for a single person or $496.30 per week for a couple), then it may be time to start looking into alternate strategies for wealth creation.
Property investing has been seen as a lower risk wealth creation strategy than some other options, although it is important to remember that successful property investment does not happen by accident or overnight. Successful investors typically have the foresight to:
Property investment could be the tool to pay off your home loan in 7-10 years and plan a retirement that suits your needs and lifestyle. Mortgage House Private Clients have the tools and know-how to show you how to turn your dream into reality.
Call 133 144 for a consultation to start you on the road to your pension free future and to claim your future wealth.