The national property market may be at its weakest point for several years. But as an investor, this presents you with an opportunity to find a great property.

It’s natural to feel wary about the current property market.

Since the end of 2018, we’ve seen major price decreases in some of Australia’s biggest cities. Sydney and Melbourne have taken the brunt of this. But other states and cities have declined too.

Wealth for Life property bargains
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It’s enough to leave any investor feeling scared. Why would you choose to invest now when the market isn’t as strong as it used to be?

That’s the mindset you need to get out of.

Now is not the time to let the property market scare you. It’s actually the time to have the courage to do what many investors aren’t doing.

Buying right now could help you to snag a bargain that pays off massively in a few years’ time. With competition low, you have all of the leverage you need to buy great properties for low prices.

And if you remember that property investment is a long-term thing, you’ll know that you’ll benefit from capital growth in the future.

Of course, this doesn’t mean that you should rush into the first possible purchase.

You still need a strategy to ensure you get a good property. After all, cheap doesn’t always mean bargain in the Australian market.

These are the four tips that will help you to find the true bargains.

 

Tip #1 – Don’t Rely on Sydney and Melbourne

Do you have tunnel vision when it comes to where you buy in Australia?

Many investors do. And it’s no surprise as the media tends to focus almost exclusively on Sydney and Melbourne. It’s the price decreases in those cities that have the most drastic effects on the market. Plus, they’ve been the most popular cities for investors for many years.

Wealth for Life seize the moment
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But they’re not the only cities in Australia.

If you’re looking for a good bargain, start your search away from these two cities. If you want to stay in the same states, start looking at the suburbs that surround them. Even as Sydney and Melbourne decline, there are locations nearby that keep rising.

For Sydney, that may mean looking at the emerging property hotspots on the western side of the city. The northern and western suburbs of Melbourne also still provide opportunities.

Of course, you could leave these two cities entirely and look elsewhere.

Take Brisbane as an example. According to BIS Oxford Economics, that city will see a 13% increase in property prices by the end of 2021.

Getting in now may mean that you benefit from huge capital growth later.

Or what about Adelaide? The QBE Australian Housing Outlook 2018-2021 suggests that the city will see a 12.4% increase in the same time period.

Get rid of your tunnel vision and look beyond the most popular cities. You may be able to grab a huge bargain that will pay off in just a couple of years.

 

Tip #2 – Get a Mortgage Broker

It takes an eternity to sift through all of the mortgages that you could apply for. Every lender has an array of products for you to research. 

Wealth for Life Mortgage Broker
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It’s almost impossible to figure out which one works best for you.

That’s where a mortgage broker can help. They understand the industry better than anyone. Plus, they can help you to get access to loan products that lenders might not offer you otherwise.

Chris and Charlotte Wolf discovered that for themselves when they worked with a Wealth for Life broker. They managed to shave 4.5 years off their mortgage with the right help. This means they’ll save $173,969 in interest and other payments by the end of their term.

A great broker can help you to secure the mortgage you need to ensure your bargain doesn’t cost as much over the long term.

Speaking of the long term…

 

Tip #3 – Long-Term Gains Over Short-Term Profit

The property market often works in cycles.

A location will start to grow and eventually reach a peak. From there, it will decline until it bottoms out. After a period of recovery, growth begins again and the location will hit a peak.

Wealth for Life Boldness
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The cycle goes on. As long as the highs are higher than the lows, the long-term trend is up.

The point here is that you can’t invest with a view of what the market looks like right now. You have to look to the future if you’re going to make a real profit.

Many forecasts already predict an upturn for the major cities in 2020 and 2021. If you buy low today, you may benefit from massive capital gains in a few years’ time.

It’s when you invest with the aim of making a short-term profit that market turbulence can really sting you.

 

Tip #4 – Don’t Fear Negotiations

We mentioned earlier that the current state of the market makes a lot of investors wary.

That’s something that you can turn to your advantage. With fewer buyers competing for properties, you have leverage over sellers.

This means you can use the lack of interest to negotiate a better deal for yourself.

Negotiating well could result in you getting a great property for less than its market price. That means you’ve already built equity into the investment from the beginning. Plus, you place yourself in the perfect position to benefit even more from capital growth.

Seize the moment when others feel frightened and you’ll bag yourself an amazing property. 

Here are some quick negotiation tips to help you along:

  • Go into the discussion knowing the maximum price that you’ll pay. Walk away if the seller wants more. There are always other opportunities out there.
  • Learn as much about the local market as you can before negotiating. Use this knowledge to your advantage when talking about price.
  • Listen carefully. You may find that the seller slips up and tells you about the motivation behind their decision to sell. Again, this is often something that you can use to your advantage.
  • Don’t take anything personally. Property investing is just a business and an angry seller isn’t somebody that you want to do business with.

 

Tip #5 – Follow the Infrastructure

Do you know what infrastructural improvements mean for you as a property investor?

Wealth for Life property purchase
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New infrastructure needs building. That means jobs get created in the location. More jobs mean people migrate to the location, which creates more demand for businesses. This leads to a stronger economy. Plus, the population increase creates demand for housing.

Simply put, infrastructural improvements can mean huge rewards for a property investor.

The key is to get in before these improvements take place. This will allow you to benefit later on.

A little research, alongside talking to local councils, will allow you to learn about planned infrastructure.

But there’s one state that you should have your eye on right now – Victoria.

Victoria’s State Treasurer, Tim Pallas, recently said:

“…$107 billion of state capital projects are commencing or underway.

“Remarkably, we are currently investing more in Victoria than the Commonwealth plans to spend across the entire nation over the next decade.”

That’s a great sign for anyone who wants to invest in Melbourne or the surrounding areas. If you buy now, you’re in a great position to benefit from these improvements later.

 

Get a Real Investment Bargain

Don’t allow fear of the current investment market to dictate your decisions.

A little boldness right now will pay off in the future. You just need the right investment strategy.

Wealth for Life can help. We can help you find a bargain because we’re doing the same thing for ourselves.

That’s right. We’re all investors too so we know exactly what you need to look for to profit from the market.

Just get in touch today to speak to a member of our team.

The national property market may be at its weakest point for several years. But as an investor, this presents you with an opportunity to find a great property.

It’s natural to feel wary about the current property market.

Since the end of 2018, we’ve seen major price decreases in some of Australia’s biggest cities. Sydney and Melbourne have taken the brunt of this. But other states and cities have declined too.

Wealth for Life property bargains
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

It’s enough to leave any investor feeling scared. Why would you choose to invest now when the market isn’t as strong as it used to be?

That’s the mindset you need to get out of.

Now is not the time to let the property market scare you. It’s actually the time to have the courage to do what many investors aren’t doing.

Buying right now could help you to snag a bargain that pays off massively in a few years’ time. With competition low, you have all of the leverage you need to buy great properties for low prices.

And if you remember that property investment is a long-term thing, you’ll know that you’ll benefit from capital growth in the future.

Of course, this doesn’t mean that you should rush into the first possible purchase.

You still need a strategy to ensure you get a good property. After all, cheap doesn’t always mean bargain in the Australian market.

These are the four tips that will help you to find the true bargains.

 

Tip #1 – Don’t Rely on Sydney and Melbourne

Do you have tunnel vision when it comes to where you buy in Australia?

Many investors do. And it’s no surprise as the media tends to focus almost exclusively on Sydney and Melbourne. It’s the price decreases in those cities that have the most drastic effects on the market. Plus, they’ve been the most popular cities for investors for many years.

Wealth for Life seize the moment
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

But they’re not the only cities in Australia.

If you’re looking for a good bargain, start your search away from these two cities. If you want to stay in the same states, start looking at the suburbs that surround them. Even as Sydney and Melbourne decline, there are locations nearby that keep rising.

For Sydney, that may mean looking at the emerging property hotspots on the western side of the city. The northern and western suburbs of Melbourne also still provide opportunities.

Of course, you could leave these two cities entirely and look elsewhere.

Take Brisbane as an example. According to BIS Oxford Economics, that city will see a 13% increase in property prices by the end of 2021.

Getting in now may mean that you benefit from huge capital growth later.

Or what about Adelaide? The QBE Australian Housing Outlook 2018-2021 suggests that the city will see a 12.4% increase in the same time period.

Get rid of your tunnel vision and look beyond the most popular cities. You may be able to grab a huge bargain that will pay off in just a couple of years.

 

Tip #2 – Get a Mortgage Broker

It takes an eternity to sift through all of the mortgages that you could apply for. Every lender has an array of products for you to research. 

Wealth for Life Mortgage Broker
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

It’s almost impossible to figure out which one works best for you.

That’s where a mortgage broker can help. They understand the industry better than anyone. Plus, they can help you to get access to loan products that lenders might not offer you otherwise.

Chris and Charlotte Wolf discovered that for themselves when they worked with a Wealth for Life broker. They managed to shave 4.5 years off their mortgage with the right help. This means they’ll save $173,969 in interest and other payments by the end of their term.

A great broker can help you to secure the mortgage you need to ensure your bargain doesn’t cost as much over the long term.

Speaking of the long term…

 

Tip #3 – Long-Term Gains Over Short-Term Profit

The property market often works in cycles.

A location will start to grow and eventually reach a peak. From there, it will decline until it bottoms out. After a period of recovery, growth begins again and the location will hit a peak.

Wealth for Life Boldness
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

The cycle goes on. As long as the highs are higher than the lows, the long-term trend is up.

The point here is that you can’t invest with a view of what the market looks like right now. You have to look to the future if you’re going to make a real profit.

Many forecasts already predict an upturn for the major cities in 2020 and 2021. If you buy low today, you may benefit from massive capital gains in a few years’ time.

It’s when you invest with the aim of making a short-term profit that market turbulence can really sting you.

 

Tip #4 – Don’t Fear Negotiations

We mentioned earlier that the current state of the market makes a lot of investors wary.

That’s something that you can turn to your advantage. With fewer buyers competing for properties, you have leverage over sellers.

This means you can use the lack of interest to negotiate a better deal for yourself.

Negotiating well could result in you getting a great property for less than its market price. That means you’ve already built equity into the investment from the beginning. Plus, you place yourself in the perfect position to benefit even more from capital growth.

Seize the moment when others feel frightened and you’ll bag yourself an amazing property. 

Here are some quick negotiation tips to help you along:

  • Go into the discussion knowing the maximum price that you’ll pay. Walk away if the seller wants more. There are always other opportunities out there.
  • Learn as much about the local market as you can before negotiating. Use this knowledge to your advantage when talking about price.
  • Listen carefully. You may find that the seller slips up and tells you about the motivation behind their decision to sell. Again, this is often something that you can use to your advantage.
  • Don’t take anything personally. Property investing is just a business and an angry seller isn’t somebody that you want to do business with.

 

Tip #5 – Follow the Infrastructure

Do you know what infrastructural improvements mean for you as a property investor?

Wealth for Life property purchase
  • Facebook
  • Twitter
  • Google+
  • Pinterest
  • Gmail
  • LinkedIn

New infrastructure needs building. That means jobs get created in the location. More jobs mean people migrate to the location, which creates more demand for businesses. This leads to a stronger economy. Plus, the population increase creates demand for housing.

Simply put, infrastructural improvements can mean huge rewards for a property investor.

The key is to get in before these improvements take place. This will allow you to benefit later on.

A little research, alongside talking to local councils, will allow you to learn about planned infrastructure.

But there’s one state that you should have your eye on right now – Victoria.

Victoria’s State Treasurer, Tim Pallas, recently said:

“…$107 billion of state capital projects are commencing or underway.

“Remarkably, we are currently investing more in Victoria than the Commonwealth plans to spend across the entire nation over the next decade.”

That’s a great sign for anyone who wants to invest in Melbourne or the surrounding areas. If you buy now, you’re in a great position to benefit from these improvements later.

 

Get a Real Investment Bargain

Don’t allow fear of the current investment market to dictate your decisions.

A little boldness right now will pay off in the future. You just need the right investment strategy.

Wealth for Life can help. We can help you find a bargain because we’re doing the same thing for ourselves.

That’s right. We’re all investors too so we know exactly what you need to look for to profit from the market.

Just get in touch today to speak to a member of our team.

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