REAL ESTATE: Location and Timing
Located in: Blog
The most used word in real estate is location, location, location… but we’ve always said; TIMING, TIMING, TIMING!
It’s not common to hear many people in the real estate industry refer to this however we believe timing is so powerful and right now see all facets coming together to show right now could be the best time to be purchasing real estate in the last 20 years!
Following the old term location, location, location, you can unfortunately purchase the very best located property at the peak of a property market (just like our Eastern States cousins are experiencing now) then when the property bubble bursts and the market turns downward, if you happen to be forced to sell, you can indeed lose money despite purchasing location, location, location.
Likewise you could purchase within the worst location within the property up-swing and experience the growth period and dollar for dollar returns, this inferiorly located investment will give you far better returns then the far better located property.
Keep an eye on the property clock which most experts agree is poised at just past 6.30, meaning it’s on the rise up the top! When you combined the two powers of location with timing this could turbo charge your returns as seen in the last property boom.
If you can get BOTH the location and timing correct, you could turbo charge the returns from your property. Whether it’s your principal place of residence, your first home, investment property or even commercial property. With such low obstacles, the recovery resource sector, the huge infrastructure projects ($3.2billion injection from the government), the flood of buyers from the East Coast, NOW is the best time to be buying.
If you’d like further details on why, contact Mark Hay directly for a further chat on 08 9225 7000
August 20, 2018
Posted in: Blog