FAQs About Buying PropertyWhen is it a Good Time to Buy?One of the great myths of residential property investment is the concept of "timing the market". Why? You Can Only Know AFTERWARDS Whether the Market has Peaked or Troughed.It's far more successful to buy the best you can afford WHEN you can afford it. What's More Significant, Capital Growth or Income From Rent?Capital growth! Capital growth builds equity AND gives you leverage to purchase further investments. Rental income, however, helps you to fund holding costs, loan repayments, rates and maintenance. Another way of looking at this: rental income helps you hold on to your investment property; capital growth helps you make money from it. After retirement, however, rental income becomes more important as it replaces your wage/salary. An abundant, varied source of retirement income is the result of the number of assets you acquire. Building equity through capital growth is the best way to achieve this. Something to Think About:Why do we work for someone else for eight to ten hours a day, improving THEIR efficiency and THEIR profitability, while wasting the other 14-16 hours we have left in the day on eating, sleeping, reading, TV? Shouldn't we ALL be chasing capital wealth rather than taxable income? An hour or two per day, managing your own assets while reducing your biggest expense (tax) would increase your wealth! |




