If you’re like me you don’t turn to Today Tonight for a commentary on what’s in store for our property investment markets.
But I was fascinated when Leith van Onselen shared this video, which contains interviews with Professor Steve Keen, RP Data’s Cameron Kusher, APM’s Andrew Wilson, and John McGrath.http://youtu.be/VFfzUUuhJxc
As you can imagine Steve Keen is pretty negative about the future of our real estate markets.
Interestingly Cameron Kusher suggests that we haven’t experienced times like this since the 1909’s and I’d agree.
The current markets remind me of the 90’s – a time of flat markets for a number of years – but a time of great opportunity – I still own many of the properties I bought then, but there’s worth 4 times more today.
My approach to property investment hasn’t really changed since then…
To ensure I buy a property that will outperform the market averages I use a 4 Stranded Strategic Approach:
- I buy a property below its intrinsic value
- In an area that has a long history of strong capital growth
- I look for a property with a twist – something unique, or special, or different or scarce about the property, and
- A property where I can manufacture capital growth through refurbishment, renovations or redevelopment.
By following this strategy I minimise my risks and maximise my upside.
Each strand represents a way of making money from property and combining all four is a powerful way of putting the odds in my favour. If one strand lets me down, I have two or three others supporting my investment property’s performance.
Source: The original TV segment showed on Today Tonight but I saw it at MacroBusiness
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