Multiple Offers on YOUR Property!

 What happens when you’ve found ‘the one’? No, not your future wife or husband, but the place that you could call home? This is the property that made those 37 weekends of endless trudging around the open home circuit worthwhile. No weekend BBQs for ages, no...

Welcome to 2017…aahhh…2022

Where are you now? Have you moved forward to 2022 or are you still back in 2017?Another new year, more goals, another birthday this year and for some dreams coming true, yet for others, dreams still on hold and consigned to the New Years resolution list……..again. So,...

You Heard It Here First

You Heard it here only a few months ago!     For the last few months our good friends (not), the banks, have been slowly pushing up the rates on fixed term loans and yes, you guessed it, all the other rates will probably follow in the very near future....

How Busy Has It Been?

Wow! Has this year been super busy or what? Who would have thought that we would see a market like this in our lifetime and especially riding the back of a global pandemic? As far as property searches go, some people are just “over it!”.Having said that, there are the...

Do You Buy Now or Drop Your Standards Later?

Choices are getting difficult.For the moment at least, choices are getting harder to make. If you’re trying to keep up with property prices by working harder and saving more, you’re currently fighting a losing battle. Right now, you’d be flat out keeping pace let...

If It Ain’t Broke, Don’t Fix It

This age old saying in the vernacular also works with mortgages. But why? Fixed interest rates on a home loan are often higher than variable rates, but it’s all dependant on the global bond market. Fixed rates are funded by the global bond markets, meaning the bank...

Why Haven’t Prices Plummeted?

We’ve got Covid, a recession and had lockdown all over the place, but property remains strong and seemingly getting stronger?We all remember the dire predictions in the press this time last year with most property pundits espousing everything up to a total collapse of...

How Fast is Your Dream Slipping……Ahh…..Powering Away From You?

Have you been keeping a close eye on the market lately? Haven’t we all! It’s hard to believe some of the crazy things going on at the moment. This makes it all the more important to take action so you don’t see your dreams like you see a jet fighter…………disappearing...

The Cheap Money Boom!

Are we really in a property boom period just now? Maybe, but is it really a property boom? What I believe we are seeing just now is the largest, most concentrated cheap money boom that I for one have ever seen in my entire life and I’ve lived a lot of my life, so...

Perfect Urban 5 Bed Oasis

522Have you got a ‘Brady Bunch’ family? Are Mum and Dad living with you?If either of these are true, this is the house for you. If you’re up for dual occupancy as an investment strategy, this works as well. The original home as a renovated self contained granny flat ... #main-header, #top-header, #main-footer { display: none!important; }

You can count them on this graph.

Personally, I haven’t missed any since 1998.

Can you guess why that is? The reason is because I bought my first property in 1998, so I’ve had my toe in the water ever since then. Sure, there have been a couple of slower periods in that time too, but if you don’t sell your property in a slow period what do you lose? Nothing! If you sell your property during a boom what do you get? A lot more money!

It’s not that hard really if you’re interested in investing in property. A little bit of saving and a little bit of watching your spending to start off with, buying your first home, at the right time, use the equity in your home and maybe some more savings to buy your first investment property. Are you still with me! Of course you are. As I said, it’s not rocket science is it? A little bit of work? Yes, but hard? No. Once you have 2-3 investment properties things can become a little flexible.

Here’s what I do – When there’s a boom on, like the one we’re very likely on the brink of just now, I sell one of my properties and cash in on the sudden rise in prices. The profit I’ve made, I just sit on a re-drawable mortgage or offset account of another property or two.

This gives me two huge advantages:

  1. I have a greatly reduced interest bill on those mortgages that are holding the extra cash; and
  2. I have a ready supply of cash for a deposit on any new opportunities that may come up in the future.

If I haven’t used the cash before-hand, I certainly keep a close eye out for opportunities in the times just before a property boom period………like right now or any of the other property boom periods in the graph above. This is where investors make money and build their property portfolios.

As we speak, I currently have part of my A Team, carrying out a HUGE, complicated financial restructure, involving a number of investment properties, to make way for what’s coming. I for one, certainly don’t want to miss out on what’s coming our way in the next 1-2 or even up to 3 years.

So long as you have your finance arranged, now is the time to look for new opportunities. With the banks predicting double digit growth rates, with Brisbane the far and away leader in some predictions, things are looking ominous for anyone who isn’t in the property game yet. The way things are looking currently, properties could rise in price quite significantly in the next 12 months. If you leave it until then to buy, you’ll be paying the extra $$.

At PPBA, we can help with valuing your property, finance, conveyancing and other legal matters, property management, and removals. If you need to sell your current house to free up cash for your climb up the property ladder, we have associate agents who can do that as well, while we help you move forward into your new dream home.

If you need a hand, give us a call at PPBA – 0490 020 801.

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