Buying an investment property to secure its future will surely be one of the most common routes Australians take to gain financial independence. It has recently been claimed that one in seven Australian taxpayers are real estate investors.
Despite the fact that the Australian real estate market has seen a significant drop in prices, foreign real estate investors, especially those from the Asian region, have continued to buy properties in Australia. This is because the Australian economy has demonstrated its immunity to the financial crisis, with many Australian politicians claiming that Australia has not been affected by the financial crisis as much as other countries. Buying a rental property in Australia will surely be one of the safest ways to invest because the Australian real estate market continues to grow and the Australian economy is very resistant to external factors such as the financial crisis. Many years ago, I read a book in which the author claimed that creating an investment property portfolio is the only way to freedom.
Then, he created a new term ‘freedom investment property’ that he used to explain the formula for gaining financial freedom through investing. In his book, he explained that real estate investing is the only way to overcome financial hurdles when we retire. And he backed up those claims by providing some tools for calculating how much we are likely to save for retirement, if we bluntly believe that retirement will not be able to provide us with sufficient funds to cover our expenses in retirement. I must say that the discoveries I made were quite shocking. That is why I started my real estate investment journey.
More than 20 years have passed since I started on this path. I have my own property portfolio and now I work with Ray White with the goal of helping others with all real estate related matters such as real estate investing, property management, property sales, Darlinghurst residential sales, leasing. We also provide home loan services to help others finance investment property or finance a home. I also lead real estate workshops and real estate investment seminars to help others start or continue on this path. Consider this, every day a new real estate millionaire is born. This way of securing our financial future is becoming something everyone does. So maybe you should start down the road to real estate investing?
Respectfully, Steven Murabito.