Interest rates, inflation, rent prices... You can't go a minute without seeing another doom and gloom property story in the media right now.
Don't let the scaremongering distract you from your long-term investment opportunity.
Property investing has never been a get-rich-quick scheme. I believe wealth creation through property is a long-term, well-thought-out plan and is not impacted by short-term market fluctuations.
While everyone else is panicking, you should be thinking about how to capitalise on the new property market conditions for the long term.
I've always said you shouldn't invest in the "now". You should invest where you want to be in 20 years.
Property investment is a long-term game, and the sooner you get in and the more time you have in the market, the more opportunity for capital growth.
Investors with a long-term strategy aren't worried by short-term market fluctuations. They know that the only way to come out on top is to ride the ups and downs to a financially secure future.
The best time for you to invest was actually 20 years ago. And 20 years from now, we'll be saying the same thing.
WILL THE MARKET CRASH?
The property market is bound to see corrections in some locations but it is important to remember that these properties have seen 20%, 30% and in some cases, 40% growth in the past 2 years! Frankly, they need to be corrected, but I doubt we will see a "crash".
It’s an adjustment to counteract those ridiculously unsustainable growth figures. And even IF, as the media are saying property prices do drop 10%, on the back of 20% to 40% growth, that's still a fantastic result.
BAD NEWS MAKES GOOD HEADLINES
Journalists will always jump on a bad news story because short-term panic sells newspapers. There's just no clickbait in stable long-term property growth stories.
Every time I pick up the paper, I find it funny that the experts who are predicting a property crash today are the same people who predicted a 30% crash 2 years ago.
My advice is to talk to an expert you trust and ignore the media frenzy.
At Dwyer Property Investments we've been through all this before. For 37 years we've been helping people like you navigate through these changes and create strategic long-term investments that beat the market as it rises and falls.
Especially in times like this - Don't wait to invest. Invest, then wait.