Look Ahead And Appreciate Before Buying Property
SMSF investors are encouraged to take a moment and reflect on this question: why will the property value appreciate? If this can’t be answered, investors are advised to move on with their search.
Investors are now encouraged to pinpoint the reasons for property valuation, as this gives them an idea how the investment value will appreciate in the future. This will also guide investors to the appropriate property type, as the problem normally arises when investors purchase the wrong property type, and its value is not realized.
Gavin Hegney, a property researcher points out that it is crucial to create wealth on the start and mid part of the property cycle and realize property valuation as most of investors use SMSFs, relying on it for their retirement incomes.
Read more about this on the Property Observer website.