Our parents and our peers have always told us to prepare for a rainy day and also to plan for our retirement now, even though it is years away. Many people, due to their young age, neglect to take this advice with the reason that it is 25 – 30 years away, and they can address the issue later. This is their first mistake as it is better to make your investment now when it’s cheaper to start it and then watch your investment grow over the following years. We get advice from every corner suggesting, government bonds, ISA’s, stock exchange investments, but all of these have a certain risk involved or very low returns.
Financial advisors with their finger on the pulse will always encourage you to add a property to your financial portfolio for any number of reasons. The property market in Australia continues to grow year on year and prices are going up, year on year. Anyone who invested in property 30 years ago is recouping massive profits now and their retirement is all but set in stone. They can relax now, in the knowledge that the future is covered and the future is looking very bright indeed.
Buying a property for investment is a fantastic place to put your money, you’ll make more than any bank account could give you in interest. In order to really maximise the best potential deals many sellers might accept a cash house sale (https://www.thepropertybuyingcompany.co.uk/landers/cash-house-buyers) for a discounted offer due to the speed of the sale, according to The Property Buying Company.
If you are a resident of Melbourne and are unsure where to start with regards to getting on the property ladder, then you may need some assistance. Property Investment in Melbourne with WIT Group is the right direction to take and this reputable, established and trusted business, has been advising people for many years on how to prepare properly for retirement. They advocate investing in property for the following reasons.
- Australia’s population is expected to grow to around 35 million people by 2050, and more people means that more housing is required. Investing in a property now all but guarantees you that it will be a breeze to sell it 20-25 years from now when you retire. It is as close to a sure thing that you are going to find in the current financial climate.
- You can change the value of your property by investing a small amount of money into it. In most cases, whatever you put it, you are going to get at least double that when you decide to sell further down the line. It is a very wise investment.
- If you look at share portfolios, you will see risk almost everywhere, but with property the risk goes down substantially. Investing in property may give you smaller returns, but there is little chance of it losing its value overnight like you experience with shares.
In order to plan properly for your future, you need to start investing in it, today. Property allows you to have something tangible in your portfolio that you can grow by investing in it, and if you decide to rent it out for the duration, you are receiving monthly income while still retaining your initial investment. It’s a smart move and it is a sound way to invest in you and your family’s future.