Real Estate Investor Magazine South Africa March 2013 | Page 28
STRATEGIES
BY KOOS DU TOIT
Property
Investment
Avoid a short-term perspective
O
ne of t he bi g g e s t pit f a l l s i n
propert y investment is a shortterm perspective, which obscures
the reality of the property market, reduces the
quality of investment decision-making and
overlooks opportunities to build true wealth
based on inf lation-liked passiv H[???YH[???\][???]?[?X??YH???[?\?][???????\?[??H?X[]B?YX\?[?^YX\?[?[?[?[[?]H\?B?X?\?Y?Y?[\?H[?HYYXH?H?[??H???X??H???H[??][???\?H?X?H??????X?]\?HH]HH[?]?[?\??]][?H\????\??Y?H??\?KH??\?]\?B?X?\?H\??[????\?Y??[X\??]?H[??Y[??H????X\??][???H\??\?^[?H??\?HX\??]H[?B?\??]X?[H?\?H??\?K??]?\?H?\?HH?YX\??HH??]\?H??][]H]?[???][?H?\??\??H?\??[???]??]?X[[??H?X[??]\?H[?[Y[???[?H?\?H???\?H?X?\?[???]?Y??X?K??]\?H]H[?X?]\?]?\?B??X?H???\??\??[?H???Y????Y?[????]Y?H??]\?H]H\????Y\?Y\?B?\????X?]?\?H?X?\?[???]Y??X?B?]?H??[?YY??\?K?XY[H?]?\?[K?]?[??[?H]H\?Y?\?Y??HY??X???[??][???H??\?]\?HX?\?H[???X\?H?]?X[?B??X?\?[?H??\?HX\??]?[???]Y??X?K?H??\?H?X?\?\?X[H??]??]?Y[?
H?YX\???[HHXX????\?H?X?\?[??^H?]?\??YX\??????????X\???L??H?X[\?]H[??\????]X[]H?[??\?Y[?X?\?[????]?[?H?X[]H]H??]\?H\??X?]?B????\?\?H??]\?H?[??[?HX\??]??X?\?]\?X\?H?[?\??[???H??]\?B?\??X?]?H?[??\?[?\?H[\Z\?H]X[]H??[??\?Y[?X?\?[?[XZ?[???X[?H[??\?Y[?Y?\???[?^\??\??[??\???????\?\?XX????]\?B???][]H[???X???Z\???]\?H[????X?]\?H?\?H??]\?KH??]\?B???][]H\??[??Y?][?H??]\?B??[???Y?[??ZY[?\?[?[???[?][K?X[?H[??\???\?Y?\?\?Y?X?H[??XX?????]\?H??][]H?H?[[??]H???[??[?Z\??[??H?X??\?H?X???[]?B??Y[?[H?X??\Z\????\??\?\?[???X\?H]?Y[?[?H??\?B?[??\?Y[?X\??]?[??\?YXY?\???\?B?[??\????^H?\??[YY??\?Y\?]B?ZY??H???H\?H?H?X?K??[?B?X\??]?[\??^H?H??[H??\?Y\???][?H??X\??]^H?[????[B???\?H??H??]H[???Y][Y\???]?[????H?X?H^HZY??]?H?]?YX\??]\???[?H?X?H\???\Y?Z[?[???\?B??X?\?\?H?H?\?K\?H[??\????X[\?B?]^H??[]?H??H??\?H??]X??[?HY?^HY?Z]YH?]?YX\??[?[??Y][?]^H?[?]?\?Y?Z[??HX?H??^HH?[Z[\???\?H??H?X?H^HZYB??]?YX\??Y??H]?[?Y?]?X?HY?Y[??\?[??]Y]H[YK????\?\??[??H[?]Y[?H[Z\??[??\?Y[???H??\?K?[[?\??[??H?[YH?H??]\?H\??X?]?K?]?[??]H]?\?Y?H?\?H?X?H\?????[?[??]?\??[??L??\??YX\??H]?\?Y?B??[Y\????\?Y\?]?H?X?Y[?Y?B???\?Y\??\?H??Y??H???\?H???ZY?????[?Y][??X\??]?H?\][????[?H?[?[[???YH\?H[??\????X?Z]?Y?\?H\??YX\??^H???]?B?H??Y??YH??\?H?[??X?[???XYB??\][???\??[\?[????[??[??][?[??Y\??]?H[???YH??\???\?^H??H??\?K?[?H?[YH?[\[??]???\?Y\?X?]Z\?Y?^H[?[??H?^??YX\????????\????Y?[?HH?H[??\?[??[???\?K[?H??[??\?Y[??^????[?H??\??[?B?\?][??HZ[?KX?X?HH]X\??]?[?YX\???Y?[?H?X[H?[???YH?X]?]\????Y\?[?\?[??\?Y[???\?H??]X\?HXX???X?H?\??[??YX\????]Y?[?H?[???X]H[??[?]H?]\????[?\???\?H[??\?Y[?[???Y\]???]?\??H??\?[?H?H??\?KB?Y?\?H?]\???[??\?Y[??X?]\?B?H??\?[?H?H??\?KH[?B??[?[[???YH[?H[?H?\][????H??\?H?[?\?]\?H[?Y?[?HX?]Z\?B?H??\?H[?H?\?]??[YX[?????[?\?][???^[?[?\?Y?][YK?????[?]Y\???Z[?YH?X[?[??\???????Y???\?H[?HNNL8?&\??[?H]?\?Y?H?\?H?X?H[???]Y??X?B???T??T??T????\?H??\????˜?Z[XY????B??