Is this a good time or a bad time to be investing in property?
There is an old adage in property buying,
“The best time to buy a property is yesterday,
The next best time to buy is today
The worst time to buy is tomorrow!”
There are always good and bad times to be buying investment property. It’s about understanding how our market cycles work and understanding the drivers of growth that make the difference. Between 2003 and 2010 was a bad time to be investing in Sydney as we were looking at relatively high prices and poor yields. However, between 2003 and 2010 saw price growth of around $150% in SE Queensland and around 200% in Perth.
Now that the Sydney growth cycle has ended, it may not be such a good time to be investing in Sydney, but we are now at the beginning of a growth cycle in SE Queensland. No matter how successful our investments, the one thing we can never buy id time and successful property investment is all about time in the market. There is always a good opportunity for successful property investment somewhere in Australia – Cease the chance when you see it and if you can’t see it, contact Lime and we can show you where the opportunity is today.
An analysis of property price growth over many years reveals that historically, prices generally rise between 2% – 4% above the prevailing inflation rate.
No one, with absolute certainty, can predict future values; however history shows that property prices in Australia will always outgrow inflation.
