The hardest part about investing in property is knowing when to buy. I’ve found the best investment properties are picked when the media is at its worst.
At the moment the media is talking about Covid, the coming federal election, the stock market, the crypto market, the European conflict, the floods and the fact that Sydney house prices have declined for the first time since 2019.
All of this is designed to scare the shit out of us (and sell advertising space). According to Phil Anderson and the CBA bank, the Australian economy is actually in great shape – unemployment is low, infrastructure spending is at a record high and we have more savings in our bank accounts than any other time in Australian history.
On top of this, we are only just entering the second half of the 18.6-year real estate cycle and we have inflation which has historically lifted Australian property prices.
While the media spins its wheels I plan on taking advantage of this negative sentiment and continue to work towards my longer-term goal of financial freedom.
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