Invest
Are you too old to invest in property?
Anyone can invest in property, but at what point is it no longer worth your time?
Are you too old to invest in property?
Anyone can invest in property, but at what point is it no longer worth your time?
At its core, jumping into the property investment game requires two things: education and money. If you have both, then investing is a straightforward process, but when should you consider investing?
According to Simon Pressley of Propertyology, the magic number is 60 years old.
“I don’t think it’s ever too late [to invest], however it might be too late to invest in property for some people,” Mr Pressley said to Smart Property Investment.
“So, if you’re 60 years of age, and you only want to stay in the workforce for an extra couple of years, property might not be the asset class for you, but that doesn’t mean it’s too late to invest.
“You just probably need to be investing in something that’s more liquid, like shares.”
If 60 is too late, then when should people be investing? Kellie Landrey, buyer’s agent at Scoutable, said that there is not a wrong time to be investing, but a wrong time to sell.
“My advice is … always never … overextend yourself to be in a position where you have to sell, as long as you can hold a property,” she said at a panel hosted by financial planner Fox & Hare Financial Advice.
“Then over time, you’re going to come back into that position where the property is increasing in value and then it’s a good time to sell.
“So, you can get a good deal now, and hold it for enough time; even if it plateaus for the next four years, it’s going to start jumping again eventually.”
Glen Hare, co-founder of Fox & Hare, said there are a myriad of variables to consider as well.
“Are we buying in Sydney? Are we buying in Melbourne? Are we buying in Brisbane? Are we buying a house? Are we buying an apartment? Are we buying to live in it? Are we buying purely to invest? I think these are all the considerations that need to be taken into account when investing in anything, let alone property,” he said.
RELATED ARTICLES
Property
North platform adds household reporting feature to boost adviser efficiency
AMP's North platform has launched consolidated household reporting across multiple client accounts, helping financial advisers streamline their client review processes. Read more
Property
What Adds The Most Value To Properties?
Wondering how to up the value of your property? Properties are worth a lot of money in general, but there’s always a way to maximise value. The good news is that most of the things you can do to ...Read more
Property
Centuria reports strong growth in alternative real estate sectors for FY24
Centuria Capital Group has reported significant growth in alternative real estate sectors for the 2024 financial year, driving stable performance and increased guidance for FY25. Read more
Property
How to leverage equity in your home for investment or renovation
Home equity, the value of your property minus any debts owed, is a powerful financial resource many homeowners in Australia can utilize to further their financial goals. Whether you're looking to ...Read more
Property
Exploring REITs: Real estate investment without buying property
Real Estate Investment Trusts (REITs) offer a compelling investment alternative for those interested in the real estate market but may not want to endure the complexities and capital requirements of ...Read more
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
Property
North platform adds household reporting feature to boost adviser efficiency
AMP's North platform has launched consolidated household reporting across multiple client accounts, helping financial advisers streamline their client review processes. Read more
Property
What Adds The Most Value To Properties?
Wondering how to up the value of your property? Properties are worth a lot of money in general, but there’s always a way to maximise value. The good news is that most of the things you can do to ...Read more
Property
Centuria reports strong growth in alternative real estate sectors for FY24
Centuria Capital Group has reported significant growth in alternative real estate sectors for the 2024 financial year, driving stable performance and increased guidance for FY25. Read more
Property
How to leverage equity in your home for investment or renovation
Home equity, the value of your property minus any debts owed, is a powerful financial resource many homeowners in Australia can utilize to further their financial goals. Whether you're looking to ...Read more
Property
Exploring REITs: Real estate investment without buying property
Real Estate Investment Trusts (REITs) offer a compelling investment alternative for those interested in the real estate market but may not want to endure the complexities and capital requirements of ...Read more
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
