You really need to get going on this…
Let me tell you a quick story.
Several years ago I decided to invest in a capital city that was not on the radar in a big way.
In comparison to what the prices were in the other 2 capital cities I was investing in, it was at a 30-40% discount.
I bought an inner-city property, 3kms from the CBD for around $375,000… and after 3 years, I needed to get a valuation on it.
I remember the day so clearly. I was at the airport, waiting to catch a flight, answered my phone and it was my bank manager who told me that that property came in at $550,000. I nearly fell off my chair… that's a 47% increase!
Other than purchasing it, I did nothing. I have to tell you that when you make $175,000 without working for it, it's a special feeling.
Now, no more suspense… The city I invested in was Brisbane.
So why am I telling you all this?
Well, I think you can have the exact same experience if you listen up.
I've just read a report that predicts the following and confirms my thoughts on the current real estate market:
- Brisbane to grow by 20% in the next 3 years.
- Perth to grow by 22% in the next 3 years
- Sydney to grow by 17% in the next 3 years
- Darwin to grow by 15% in the next 3 years
– The rest of the capital cities with flat to minimal growth.
Here's what I also think about the percentage increases…
You can do a lot better than that if you buy well, know what type of property is likely to increase faster, research a few areas and get some education on how to accelerate those returns even further.
You've got the remember, the above percentages are median prices. Smart, savvy real estate investors will always out perform them.
But nothing will happen if you just sit there and do nothing.
I think you could really exploit this information and look back in 3 years time and thank your lucky stars that you did.
You know, in 2009 we predicted the Melbourne market would take off… and it did.
Today, the Melbourne market is going to go sideways for a while. Unless you know what you're doing in that market and are buying value, then you best stay out of it.
Me, personally, I like going to into real estate markets where you can buy well and get an uplift from demand as well.
For me, those two markets are Brisbane and Perth right now.
…It's not coincidence that both of those markets are growing faster due to the resource boom that's going on. I don't care what your opinion is about China and the global marketplace, this trend is here to stay and I predict that those two markets will outperform the expert opinion.
Please don't sit there and do nothing. At least start researching these areas and make up your own mind as to whether you should be investing there.
Signed with Success,