Make it a Long-Term Love, Not a Bad Romanceback to blog
Posted 9 May 2016
There’s a bit of excitement at the moment over the budget, lower interest rates, changes to super and the dollar likely to drop further.
And yes, it’s not terrible news for the market.
But here’s the thing – with an election on the horizon, there’s still a lot of uncertainty.
In the shorter term, it’s probably a safe bet that you can buy something based on the assumption that interest rates aren’t going to sky-rocket in the near future.
However, now is not the time to speculate. It’s not the time to think like a trader .
To buy in the current markets, consider worst-case scenarios in the medium-term: from rising interest rates to downturn in price. Because the fact is, we just don’t know. What we do know, is that there’s not much stability.
Any property acquisition right now should be based on a long-term love affair. Not a short-term romance.
The reality is if you can take the view that all assets acquired are for the “longer term” inevitably property will always provide the rewards.