Over the years a number of clients have come in to my office and asked, “Jason, can you give me a property in a high growth area”?
Often when people think about investing in property they are always wanting to know what suburbs can deliver the most capital growth. This is because when people think about generating wealth through property, they associate this on the value of the property increasing over time and often do not focus on the type of property or the cash flow generated from the property.
It’s important to understand that property growth is a result of the laws of supply and demand. If the demand for properties in a region is higher than the number of properties that exist in that region, buyers will push prices up as they compete with one another to purchase in their desired location.
While property selection will impact the growth of a property and is an essential component to building wealth, you must always choose a location and property type based on your borrowing capacity otherwise you may hit a brick wall with finance in the future.
To prevent this from happening, I’ve put together this video for you which gives you a good understanding of each property type and what that means for building a property portfolio over the long term. This information will help you make wiser investment choices and enable you to achieve your financial goals faster and avoid any roadblocks.
In Melbourne we are expecting to see 8 million people by 2050
So what are the best types of property to buy? How can you make good financial decisions that impact your portfolio growth? Well that’s what I am going to tell you about in this video. Click to view the video below:
Have a wonderful week!