INVESTOR INTELLIGENCE
The Benefits of Owning a Home The residential property market is subject to economic fluctuations ; however , purchasing a welllocated property remains a sound long-term investment that can offer resilience even during economic downturns .
Generating Wealth : Location and Leverage Property ownership offers another significant advantage : the ability to leverage your equity for future endeavours . Owning a substantial asset can unlock financing options when you require a larger or more expensive home . This highlights the importance of choosing the right property from the outset .
I advise our first-time buyers to buy a modest property in a great suburb with a history of stable value growth rather than fall for a larger home in a less established area .
Remember , your first home can be a stepping stone to a property portfolio .
Real Estate Investor Magazine MAY 2024 55