If a person has the funds to purchase a property for investment purposes there could be some benefits, of course one needs to consider all of the factors that come into play, not least of which is overall return on investment in a very fluid market. Clearly the Australian market place is a little fickle right now, ups when I'd expect downs etcetera and it would be a brave investor to attempt to pick what may happen in the future.
We're in a property bubble here in Australia (generally) and bubbles burst...That's when people get burned.
I can only speak for the Australian market, and even then only really for the South Australian market which is where I have operated as in the property industry for twenty years...Even then the market has thrown up surprises, and will again.
I believe the pain of the pandemic situation has not yet hit, the financial pain, and I for one am not thinking flamboyantly from a financial perspective.
Thanks for responding and I hope you're able to fulfil your property plans.
!ENGAGE 25
Yeah I can see you have a lot more insight than I do, but I don't have to consider the Australian market thankfully, even looking at the rental prices scares me :) Our rent all in is about 1 weeks rent displayed in your post :) lol..
Real life is lately very simple actually, riding the waves how they come. Just like with crypto. Discuss our needs and desires, envision, plan.. but then when things change, try to be flexible and have plan b and even c.. Knowing that there will be calmer times and we just change the order of our plans according to what's happening currently. It's the easiest way to deal with it for me :)
Rents here can be quite high. I signed a new client today, for my team to lease their residential property at $1200/week (AUD). Pretty high really I guess.
I think it's smart to have some plans,and thoughts at the very least. It seems you're doing that, thinking things through, which is smart.
holy shit, 1200 a week. PFF they must earn a fortune lol ..
And yeah, thoughts and thinking it through defo. You know, before spring, our plan was solid and the best option. Then covid hit the fan and things changed.. not like we could have seen it coming I guess. It's fine as long as we are flexible, which we are, we'll manage :)
Have a nice day!
Yep, a lot of money...We manage some properties at over $1500/week too. Insane.
Anyway, thanks for your comments, much appreciated.