Buying guide

Why real estate is a good investment

Planning for investment success

Josh Phegan
Last updated: 9 July 2024 | 5 min read
AI

AI summary

Real estate can be a powerful wealth-creation tool, offering both rental income and capital growth. According to expert Josh Phegan, it's a "buy and hold" strategy that builds wealth over time by riding out market cycles.

Current conditions are favourable for buyers, with interest rates having peaked and LVR restrictions easing. This presents a timely opportunity to purchase an asset that can gain value when the market rises again.

When buying, consider properties near transport, with potential to add value, or with future redevelopment possibilities.

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When it comes to location and type of property, what would you recommend in a real estate investment?

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Financial Disclaimer

Authors

Josh Phegan Josh Phegan
Real Estate Speaker, Trainer & Coach

Gill South Gill South
Business and property journalist