One of the things I see as a property specialist is investors who miss out on a great opportunity because they become so obsessed about timing and market trends that they actually miss the chance to buy.
While timing is very important, it is not the vital ingredient to success. It is important to be cautious about when to buy but dragging your feet will not result in profitability. The property market will always have its soaring or gloomy periods but if you can afford to buy now, then doing some homework on capital growth in the area you are interested in will go a long way.
If your goal is to hold onto a property for a while, then when you buy is not as crucial as what you buy.
The location of the property plays an important role in capital growth. Areas that are within close proximity to transport, shops, and restaurants and located in quiet pockets are usually high in demand regardless of how the market is behaving.
Something else to consider is the fundamentals of the property. If you are looking for an investment property, then look at what’s high in demand. For example do people in the area need parking or do the demographics show that most use public transport. Doing some homework about the common age group of the people in the area will help you pin point what they require. This will assist you to buy a property that meets the demand.
If you are prepared to keep your property for a medium to long term and if you buy in an area that has a proven track record, then you will be buying into success. Good luck with your purchase!
For more information about our customised property services, please contact us at our North Shore office in Sydney on (02) 9199 7501
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Meet Liza Freitas - Your Property Specialist
Liza Freitas, Managing Director of Exclusive Property Group, has extensive experience in property, specifically in residential property sales and property management.
Liza began her career working alongside some of Sydney’s leading property agents. And it is this unique mentoring, from successful and well known property specialists, that helped enhance Liza’s professional instincts and facilitated the development of her extensive knowledge and understanding of the property market.