01/11/2022
Property Investment talk 103:
Consider the economic factors influencing your purchase Take a step back and look at the big picture of how the economy is performing. Mistiming the market may mean receiving a lower rental than you anticipate, and only being able to sell the property at a much lower price than you’d hoped. Carefully choosing when you buy a property is vital to the success or failure of your venture. Is the economy booming, in a downturn, bust or in an upturn? You need to buy a property at the best possible price at the right stage of the economic cycle to maximise the efficacy of your investment. The most successful investors are counter-cyclical investors: ideally, you want to buy when everyone is selling and sell when everyone is buying. Never buy too close to the top of the economic cycle.
