You shouldn't invest in the 'now'. You should invest in where you want to be in 20 years.
Property investment is a long-term commitment. And therefore it requires a long-term view. You need to be thinking about the returns that you will be seeing in five, ten, or twenty years. But with the cloud of a pandemic hanging over us, many investors have been drawn into short-term thinking.
Not to say that short-term thinking isn't important. We all need to make sure our current finances are in order. I'm just saying that just because it's storming today, it doesn't mean it will be raining all week. The sun will come out soon enough.
All you can do now is check the forecasts and look at long-term trends.
So, how is the Sunshine Coast performing?
Well, here's how the Queensland Market Monitor summarised the long-term growth of the Sunshine Coast's property market:
"The Sunshine Coast finished the decade as the strongest major market in the state over the past five years.
The Sunshine Coast median house price, which includes Noosa, grew by 24.5% over the past five years to $600,000, which in dollar terms was an increase of nearly $120,000."
And with rental vacancy rates falling this quarter from 3.3% to 1.5% (a record low for the area), the region's rental market is going into undersupply – causing rental yields to increase for investors.
But does this mean that now is the best time to invest?
No, It's not. The best time for you to invest was ten years ago.
And ten years from now, we'll be saying the same thing. Property is an investment in your future. It's an investment that grows old with you. Property follows you through life's ups and downs. And if you pick the right area, it's an investment that you can rely on.
So, let me help you find your perfect investment property. We've been doing it for 35 years and will help you see where you'd like to be in the years to come. Just give me a call on 1800 088 437 and we can discuss your financial situation and see what property options will work for you.
Stay safe out there,