MLC recently completed its Australian Wealth Sentiment Survey for the second quarter of 2014, and it shows there is growing concern around investment and making sure people have enough funds to retire, with a major investment focus on superannuation.
And while many outside factors like consumer confidence and Reserve Bank interest rates may feel out of your control, there is another great way to set up capital growth for the future: investing in property.
The MLC survey noted an increase in people concerned they were missing investment opportunities, and this is a common occurrence - the market is hard to read and quite malleable, which can lead to people being unsure exactly when they should invest.
So how do you know when to invest?
Only you can truly decide when the best time is for your investment as it all depends on your funds and financial plans - rest assured, the market will usually be there for you. However, Sydney currently has thousands of new home listings every week and great auction clearance rates, which means there are always chances to buy investment property. Talking to a buyers agent is a surefire way to get the housing market explained to you clearly, if you are concerned you might be missing out.
The MLC report stated that Australians are now more aggressive in their near-term investment strategies, but it's worthwhile to also look at the long-term strategies. Younger investors tend to have less diversified portfolios when compared to older buyers, so if this describes you, consider branching out into Sydney property - it has enjoyed a period of price growth that is likely to continue for some time. Places like Marrickville are both affordable and on the rise, making for a perfect long-term positive geared property purchase. Variety is the spice of life - maybe property is the next item to join your collection?
Would you like to receive FREE updates with hot tips & market trends?