Of course, we’re not wishing poor health on anyone – but it turns out COVID hasn’t changed investor mindset one iota.
Even amidst a disastrous pandemic, Aussies are still ready and raring to buy property. In fact, some say the crisis has actually egged them on.
So, it seems a high temp is not enough to lower investment fever.
According to a recent survey, 70% of investors say it’s a good time to buy real estate. With 30% more likely to buy in the next 6-12 months because of the outbreak.
So, why are so many investors seemingly unfazed?
Well, chairman of Property Investment Professionals of Australia attributes the optimism to low interest rates and a resilient market.
Because it doesn’t seem like rates will significantly rise any time soon. And historically, real estate is known to perform well even in turbulent times.
But it still comes down to whether or not you can afford to buy.
Yes, interest rates are favourable – but do you have the cash or equity to invest?
Let’s look at your options: You could buy a cheaper property in a low-yield area and struggle to keep it afloat. Or you find a way to use less capital to invest in an affluent suburb that guarantees great returns.
Assuming you’d rather choose option B, we recommend contacting our investment team asap. Because this is what we do best. With GSA, you have the unique opportunity to make some tidy profits – without breaking the bank!
So, take advantage of the current conditions and watch your financial health rejuvenate. You’ll be feeling better in no time.