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CAPITAL PROPERTY ADVISORY | NATIONAL BUYER'S AGENCY
Playing the long game in investment
Playing the long game in investment 29 April 2024 Matthew Hughes SOURCE: The West Australian JOURNALIST: Owen Raymond Saturday, 27th April 2024 With the Perth real estate market booming, prospective investors may be wondering if it is too late to commit to a long-term investment property, fearing the best of the market is already behind them. It can be risky to commit to a long-term investment during a boom, with the danger of the prices tailing off and leaving your property depreciated in value. Momentum Wealth Managing Director Damian Collins said, with this in mind, people tended to think they could make some quick cash by flipping or trading properties. “It’s tempting in a rapidly rising market to be trading property and to be getting in and getting out,” he said. While money can be made in such a way, Capital Property Advisory Managing Director Matthew Hughes said this was a huge risk. “In the short term, these is money to be made in Perth across most suburbs, as we are in a scenario currently where a rising tide lifts all boats,” he said. “However, this is an anomaly and something you should not be blinded by.” For Mr Collins, it is no way to play the property game. “For more
SOURCE: The West Australian JOURNALIST: Owen Raymond Saturday, 27th April 2024 With the Perth real… Read Article