Today’s show is one of our popular question-and-answer sessions.
But this is one with a difference.
I guess it’s more like a speed-dating session.
Not that I’ve ever had a speed dating session.
But today’s show is the audio of a Zoom meeting I had with a small group of clients and prospective clients of Metropole who asked me a wide range of questions about our property markets and our economy.
I’m sure you’ve thought of some of these questions yourself, so hopefully, I can give you some clarity on the answers.
Highlights from My Speed-Dating Style Property Q&A
Have we reached the bottom yet?
At the moment, fear is driving the market instead of greed.
I believe the early year, greed will overtake fear again and the markets will bottom out and eventually turn around.
Should we keep buying negatively geared properties or go for cash flow on the next property?
It depends on what stage of your property journey you are in and what your finance is like.
It’s not the property, it’s the finance that decides if the property is negatively geared.
Over a 30-year period, the difference between buying a high-growth property and a high cash flow property could be a million dollars extra in cash flow and capital growth if you buy a high-growth property.
I may not be able to purchase a home without selling investment properties. Is the market moving away from friendliness to investors?
Investors are not ugly, greedy landlords.
The government is picking on us unnecessarily.
This is one of the difficulties of rent-vesting, you may have to sell an investment to buy a home.
Part of what we do at Metropole when we make a plan for you is map out how you will do that.
It may be easier in a few years, or you may need to sell a property – there are a number of routes to get there.
What if you’re not concerned about the market, but just don’t know what to do next?
That’s not unusual because you get so many mixed messages from the media.
Why not have a chat with Metropole?
We can help you make a plan to follow.
Why is Australia so expensive?
There’s a combination of reasons.
We live in a small group of capital cities, we live in coastal areas, and we live on big accommodations, whether land or apartments, that suits our lifestyle, and that’s expensive.
It’s the cost of living in the best country in the world, and that’s expensive.
Links and Resources:
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Get a bundle of eBooks and reports = www.PodcastBonus.com.au
Some of our favorite quotes from the show:
“The market hasn’t bottomed, but we’re not buying “the market.” – Michael Yardney
“In the long term, capital growth is the way to get out of the rat race.” – Michael Yardney
“You’re not going to be able to time the market. Don’t even try.” – Michael Yardney
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