Aug
07

Treating Your Home as an Investment

If you are selling your home, you should always treat it as your treasure.Take these steps and you will sell your home fast. These tips will reduce the stress of selling your home and place you in the strongest negotiating position.

It has been well documented that property prices in Australia, as well as many other parts of the world, have been steadily rising for a number of years. In Sydney, the average property price rose by an enormous 20% in only 12 months, showing just how rapid the spikes can be.

Whilst this is not the case for every city in Australia, it shows just how valuable property can be as an investment, especially if the current trend continues in terms of rising property value. Here is some information on treating your home as an investment.

(C) Pinterest

(C) Pinterest

Rising Value

The rising value of homes is definitely good news for those who bought their property before prices began to soar. There is clearly high demand for properties in the major cities, which are likely to see the largest levels of price growth over the coming years.

This has led many people to hold onto their homes rather than sell them, and there will no doubt be many investors waiting to buy property as cheaply as possible when the opportunity arises. It is right to be cautious, though, as wages have only grown by 13.2% over a five year period, potentially signalling that property may be becoming unaffordable for many.

An Investment

Even if prices do eventually stabilise or even begin to fall in the short term, property is still likely to be an excellent long term investment, since the growing population will always be looking for quality homes to live in. Anyone who owns a home should treat it as a long term investment, keeping it in good condition to ensure it remains liquid.

Other forms of investment, such as trading forex, can often be far more unreliable and volatile then the property market, and very few global markets have the same long term profit margins which are seen in the property market today.

Read more: https://www.houseofhome.com.au/blog/treating-your-home-as-an-investment

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