The more you know about the most common mistakes that investors make, the better your likelihood of building lasting wealth.
In this series of short videos, we discuss the common mistakes we’ve seen investors make.
Today we debunk the myth that all properties double in value every 7-10 years and we discuss why some locations are worth more than others.
Some of the things we discuss:
- The annual percentage change in property values over the last 25 years according to Corelogic was 6.8% nationally – so the average property doubled in around 10 years
- But averages mean some properties outperformed this figure while others underperformed
- Melbourne and Sydney properties grew at an average of 8% over the last 25 years – this means the average property doubled in value every 7 years.
- But the myth that you can just buy any property and it will double every 7 to 10 years is just that – a myth
- Location does 80% of the heavy lifting in your property’s performance so ensure you
- buy the right property in the right location.
- You can speed things up capital growth by adding value
Now is the time to take action and set yourself for the opportunities that will present themselves as the market moves on
A perfect storm is brewing for our property markets in 2021-22, an you can trust the team at Metropole to provide you with direction, guidance and results.
In challenging times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that’s what you exactly what you get from the multi award winning team at Metropole.
If you’re looking at buying your next home or investment property here’s 4 ways we can help you:
- 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! This will give you direction, results and more certainty. Click here to learn more
- Buyer’s agency – As Australia’s most trusted buyers’ agents we’ve been involved in over $3Billion 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.
- 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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