Britain’s vote to leave the European Union in a shock referendum result threw things into instant turmoil and uncertainty over in the UK, but what does this mean for the Australian property market?
Australia continues to have a high degree of stability, economic growth and low sovereign risk, and as a result, it is likely that international investors will show a renewed interest in our stable country.
It is unknown what the overall impact Brexit will have on the Australian property market. It may however place an obstacle in the path of Australian investors if a flood of foreign investors pour in, increasing competition in the marketplace.
That’s why it’s important not to panic in times of uncertainty and realise that the sky isn’t falling. There are always opportunities – no matter the situation – but you may have to look for them in places you haven’t before.
Now’s the time to buckle down, make sure you stick to your strategy and not be swayed by what’s going on around you.
How you deal with uncertainty will influence your outcome so it’s important not to let anxiety stop you from reaching your goals.
Whatever you fear, now is the time to invest - you are going nowhere if you aren’t going forward in your investment journey.
If you wait for full clarity, it’s too late.
Don’t underestimate how much the market can move in advance of full clarity. While you’re sitting and waiting to see what happens, others will pick up the opportunities you let slip through your fingers.
Waiting for the ‘all clear’ signal is a great temptation for investors, but wrong. Full clarity isn’t a buying signal, it’s a ‘you’re too late’ signal.
Remember, periods of uncertainty are temporary and property investment is a long game – at least 10 to 15 years. Many things will change during that period of time and you need to be able to adjust to the constantly changing tides.
The only thing investors should do during times of high uncertainty is concentrate on what they know and can control.
Primarily this means your budget, finances, strategy and portfolio mix.
If your portfolio is performing well, then the market and all its short-term uncertainty should be less important than your long-term financial goals.
Property offers you so many options in terms of growing the value of your income on your property. You can control where you buy, how you why and when to sell.
Real estate is also the least volatile investment option, especially in uncertain times.
Where there is high population growth – like there is in Australia – there is demand for housing, ensuring property prices are well supported.
And with international investors on the increase, it’s important you don’t let opportunity pass you by.
Don’t be paralysed by fear. Property investing done correctly will build your wealth and provide security for your future.
If you need some help moving forward, get in touch with We Find Houses to book a complimentary consultation with Certified Property Investment Adviser and director Paul Wilson.
We can help you take hold of the opportunity around you to build a solid, well-performing portfolio that will prove successful.
Call 1800 600 890 or email firstname.lastname@example.org now.