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47. Should I Buy Property Now?
Welcome back to another episode of the 360 Money Matter Podcast! As the world and Australia feel the impact of inflation and rising prices, it raises the question; is it the right time to invest in property?
In this episode, we really wanted to emphasize that when you begin investing in such a large scale asset, you need to work within your means and really assess the affordability – even if things don’t go to plan. Make sure that property is the right thing to be investing in with regards to your circumstances at the time, rather than trying to time the market perfectly. If history is anything to go by then the best time to invest would have been yesterday and the next best time would be today!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• Increasing interest rate environment
• Current media hype
• The impact of those interest rate increases
• Where is the property market at the moment?
• Focus on your personal situation and financial position
• Thinking long term
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