Not everyone thinks property is the best place to invest their money

Do you think it’s the right time to buy your next property?

I know many property investors and homebuyers do.

But the most recent Westpac Melbourne Institute  Consumer Sentiment survey published last week showed upbeat general consumer sentiment with house prices expected to pick up further by consumers, yet it was not a wholehearted endorsement of housing from consumers.

Consumer sentiment 15th March 2021

There was a degree of trepidation on whether now is a “time to buy a dwelling” that’s dipped of late.

As the second chart below shows readings on the “time to buy a dwelling” can be volatile but taken for what it says, it’s a sign perhaps of a degree of unease or skepticism even whether prices can be maintained.

House Price Expectations House Price Sentiment

In that context, neither has there been any noticeable pick up in real estate as the “wisest place to save” over very recent quarters, also polled in the same WMI survey, a very low 9.3% of consumers in last week’s survey seeing real estate as a wise choice.

There is still a distinct preference to hold bank deposits and pay down debt rather than accumulate it.

However, I’ve observed that in the past what people say in attitudinal surveys and actual spending and saving behaviour don’t always closely align.

It’s worth keeping an eye on though.

Wisest Place To Invest

 

Having said that I believe that…

Now is the time to take advantage of the opportunities the current property markets are offering.

Metrople Team

Sure the markets are moving on, but not all properties are going to increase in value. Now, more than ever, correct property selection will be critical.

You can trust the team at Metropole to provide you with direction, guidance, and results.

Whether you’re a beginner or an experienced investor, at times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that’s exactly what you get from the multi award-winning team at Metropole.

We help our clients grow, protect and pass on their wealth through a range of services including:

  1. Strategic property advice. – Allow us to build a Strategic Property Plan for you and your family.  Planning is bringing the future into the present so you can do something about it now! Click here to learn more
  2. Buyer’s agency – As Australia’s most trusted buyers’ agents we’ve been involved in over $4Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney, and Brisbane bring you years of experience and perspective – that’s something money just can’t buy. We’ll help you find your next home or an investment-grade property.  Click here to learn how we can help you.
  3. Wealth Advisory – We can provide you with strategic tailored financial planning and wealth advice. Click here to learn more about we can help you.

Property Management – Our stress-free property management services help you maximise your property returns. Click here to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years and our properties lease 10 days faster than the market average

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Kate Forbes

About

Kate Forbes is a National Director Property Strategy at Metropole. She has 15 years of investment experience in financial markets in two continents, is qualified in multiple disciplines and is also a chartered financial analyst (CFA).
Visit Metropole Melbourne


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