CEO of the Noah Group, Brett Marks, says that we have to start looking at how we can create their own solutions in relation to the housing affordability crisis instead of waiting for the government to take adequate action.
"Nothing miraculous is about to fix the housing affordability problem" Brett Marks continues, "It's hopeless to sit around waiting for the right time to buy property."
"Waiting for the government to solve the problem with new policies is what too many people are doing," Brett Marks says.
"For some reason, over the past 100 years, people have believed that property in their decade was too expensive to afford. This is not looking at the problem in reality as property prices tend to increase substantially over 10 year cycles. Therefore it makes sense to get into the property market as soon as possible which can be done by talking with a financial planner and getting them to look for ways to organise your finances according to your circumstances."
"Through the tax breaks you can get for investment property, the Noah Group can show you how it is cheaper per week to rent the house you live in and purchase an investment property," Brett Marks says. "It's a great opportunity if you're just getting started."
Buying with the view to renting a property out is the best approach to entering the property market suggests the Noah Group's financial planners. There is no better time to get into the property market and Brett Marks tries to help people realise this.
Another option for purchasing an investment property, and a big part of the Noah Group's services, is to create your own self managed super fund (SMSF) and use it to purchase an investment property (for this option you and your partner must have approximately $120,000 in super between you).
"The important thing to remember is that this is your investment - your money box for the future, therefore whether you like the location or the design or the colour scheme is not important" Brett Marks says. "What is important is to buy a property with the possibility of high capital gain and strong rental return."
In regards to renting a place to live, the Noah Group recommends that you look for location that will suit you e.g. a place that is close to your work. Renting a place to live will also make it easier to upgrade to a bigger house to accommodate a growing family, or if you need to relocate for work purposes.
"Nothing miraculous is about to fix the housing affordability problem" Brett Marks continues, "It's hopeless to sit around waiting for the right time to buy property."
"Waiting for the government to solve the problem with new policies is what too many people are doing," Brett Marks says.
"For some reason, over the past 100 years, people have believed that property in their decade was too expensive to afford. This is not looking at the problem in reality as property prices tend to increase substantially over 10 year cycles. Therefore it makes sense to get into the property market as soon as possible which can be done by talking with a financial planner and getting them to look for ways to organise your finances according to your circumstances."
"Through the tax breaks you can get for investment property, the Noah Group can show you how it is cheaper per week to rent the house you live in and purchase an investment property," Brett Marks says. "It's a great opportunity if you're just getting started."
Buying with the view to renting a property out is the best approach to entering the property market suggests the Noah Group's financial planners. There is no better time to get into the property market and Brett Marks tries to help people realise this.
Another option for purchasing an investment property, and a big part of the Noah Group's services, is to create your own self managed super fund (SMSF) and use it to purchase an investment property (for this option you and your partner must have approximately $120,000 in super between you).
"The important thing to remember is that this is your investment - your money box for the future, therefore whether you like the location or the design or the colour scheme is not important" Brett Marks says. "What is important is to buy a property with the possibility of high capital gain and strong rental return."
In regards to renting a place to live, the Noah Group recommends that you look for location that will suit you e.g. a place that is close to your work. Renting a place to live will also make it easier to upgrade to a bigger house to accommodate a growing family, or if you need to relocate for work purposes.
About the Author:
Brett Marks established the Noah Group in 2000 and has been providing investment guidance for tens of thousands of enterprising Australians to secure their future. By helping them realise the full potential of their assets through investment properties, shares and other investments all proven systems that work together to maximise growth and reduce debt.
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