As interest rates have dropped considerably whilst need for accomodation has stayed high keeping rents up investing in property by borrowing money has become a lot more affordable.
In discussions with a real estate agent that specialises in units and apartments they had a recent case where the landlord's shortfall was as little as $16.00 per week!
We always stick by the golden rule of investing - buy when the market has fallen somwehat and benefit from the future resurgence in market values.
Remember, to replace your requirement to work for your income you need to invest in assets that provide you an income return and provide protection against inflation. In general the two asset classes that porovide this protection over the longer term are property and shares.
A new year brings new opportunities.
Checkout www.jonchownproperties.com for some of the new unit developments.
Regards
Damian Ebzery B.Bus M.Bus(Prof Acc) AFPA ASA
Monday, January 5, 2009
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