"We all have to stop waiting for the government to solve the housing affordability difficulty and instead people have to look at how they can create their own solutions" says Brett Marks, CEO of the Noah Group.
People waiting for the right time to buy property might be waiting a long time, as according to Brett Marks, "Nothing miraculous is about to fix the housing affordability problem."
"Unfortunately too many people are waiting for the government to introduce new policies to solve the problem," Brett Marks says.
"The solution lies within talking with a financial planner and getting them to look for ways to organise your finances according to your circumstances so you can get into the property market as soon as possible. People have believed, for the past 100 years that property in their decade was too expensive to afford - this is not looking at the problem realistically."
"A great option for younger people looking to get into the property market is to rent the house you live in and purchase an investment property" Brett Marks says. 'The Noah Group can show you how much cheaper this would be due to the tax breaks you can get for investment property."
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, if you and your partner have over $120,000 in super between you, is to create your own self managed super fund (SMSF) and use that to purchase an investment property. This is a big part of the Noah Group services.
"When you're purchasing an investment property, it's not important whether you like the location or the design or the colour scheme as you're not going to live there," Brett Marks explains. "This is an investment - your money box for the future - your far better off to buy a property which has great potential for high capital growth and strong rental return."
Another Noah Group recommendation is to rent where it suits you to live from a work and location viewpoint. This also makes it simple to relocate if your work location changes, or to move if you need a bigger place for a growing family. - 15224
People waiting for the right time to buy property might be waiting a long time, as according to Brett Marks, "Nothing miraculous is about to fix the housing affordability problem."
"Unfortunately too many people are waiting for the government to introduce new policies to solve the problem," Brett Marks says.
"The solution lies within talking with a financial planner and getting them to look for ways to organise your finances according to your circumstances so you can get into the property market as soon as possible. People have believed, for the past 100 years that property in their decade was too expensive to afford - this is not looking at the problem realistically."
"A great option for younger people looking to get into the property market is to rent the house you live in and purchase an investment property" Brett Marks says. 'The Noah Group can show you how much cheaper this would be due to the tax breaks you can get for investment property."
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, if you and your partner have over $120,000 in super between you, is to create your own self managed super fund (SMSF) and use that to purchase an investment property. This is a big part of the Noah Group services.
"When you're purchasing an investment property, it's not important whether you like the location or the design or the colour scheme as you're not going to live there," Brett Marks explains. "This is an investment - your money box for the future - your far better off to buy a property which has great potential for high capital growth and strong rental return."
Another Noah Group recommendation is to rent where it suits you to live from a work and location viewpoint. This also makes it simple to relocate if your work location changes, or to move if you need a bigger place for a growing family. - 15224
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.
