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| How would you invest $50 a week |
How would you invest $50 PER WEEK?There’s a common misconception that you must be rich to invest in property in Australia – this couldn’t be further from the truth.
Let me ask you this question up front – how much does your current home loan repayment take out of your pocket each week?
If you could only afford $50 per week to build for your future – what would you invest it in? Shares? Superannuation? A high bearing savings account? Pay extra off of your mortgage? Would you do it at all? We all have our preferences – beliefs in the value of one asset over another, & there are pro’s and cons for each of these choices but overall it’s the action that counts. Commit to do something different today. What about something we all believe in – Bricks and Mortar Others follow the property path for the exceptional returns on offer and as you know for most of us this is not a “high risk” strategy either, despite the exceptional returns. Let’s have a look at the following example:
Property growth rate** 6.00% Projected value after 7 years $578,898 (that’s $193,000 growth!)
Assumes annual income of $80,000 * Includes property purchase price and all buying costs ** This is conservative. 7% to 8% annual growth has been achieved on average for the past 40 years
Given the current undersupply of housing, weak returns from other assets, and changes to super rules it’s small wonder that investors are turning to investment property, and the potential of negative gearing, as a strategy to build for their future as well as reduce their tax bill.
Let’s look at the facts: · The demand for accommodation can only increase, driving up rentals and capital values along the way. · The federal government provides for excellent tax deductions further encouragement to invest – especially for new property. · Lenders will lend a higher value against property than any other asset class - they must know something. · Property is a tangible asset – something you can touch and feel, and that most of us understand.
Back to that personal home loan repayment – if you are prepared to pay hundreds of dollars a week towards your own home mortgage, why wouldn’t you allow just $50 a week to create your future. Here’s a thought, what if you could sell that investment property in seven years and use the profit to pay off at least part of your own home loan? Wouldn’t that be fabulous? How much easier would life be? Why don’t you talk to us now ….
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