The Property Couch 341 | How To Pivot Your Investment Strategy When Affordability Changes
Folks, it’s no secret that property prices have seen a significant uptick – so what does this mean for your investment strategy if you can no longer afford to buy investment-grade locations that are close to the city?
See, if you’ve read our book The Armchair Guide To Property Investing, or heard any of our earlier episodes, you might have heard us quote particular price points that now seem, well, a bit ridiculous.
You might’ve thought, “A $650,000 property in inner city Melbourne… what? They’re now over a mill, guys…?”
Or, “Where on earth can I buy a property for $450,000 in this market!?!”
Or, “You said to aim for inner city properties with owner-occupier appeal, but now you’re talking about regional markets… what’s the deal?”
We hear you. And we get it.
That’s why today we’re doing a deep dive on how to pivot your investment strategy when affordability changes!
Make no mistake – the fundamentals DON’T change… but you need to be both smart AND realistic about the locations that are available to you, whatever your price point may be.
This is a Q&A episode you don’t want to miss – we tick off A LOT of key property investment questions that we’re confident will allow you to find success no matter what your price point is! Plus, we’ve got some new frameworks on how to navigate land tax, learn when it’s time to SELL (yep) and best practices to manage your money without dedicating your life to managing a spreadsheet….
Tune in now – and let us know what you think!
P.S. Yes, Ben is actually in his CAR when we’re recording this episode… find out why in the first five minutes
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