![]() Surveys indicate that a high number (65%) of Australians, find the prospect of property investment as uncertain. Despite the need to determine a favorable environment, prospective buyers must consider their budgets. Prospecting to purchase a property should be driven by similar direct and applicable wants. They should make minimal compromises since their decisions will shape their future & they will be stuck with any compromises they make for many years to come.Ĭurrently, renting Australians are motivated by access to recreational, dining and transportation services. A prospective buyer must review all aspects of their lives and decide on property packages that fit their lifestyle. People looking for a home to settle in or a property with easy access to their workplaces should also consider the availability of the essential needs.Īn example of basic services is security or access to food markets. For instance, a buyer seeking a property on which to retire on should consider the proximity to essential services like medical care. The investor has a similar experience over time but is aware of the stock of value in the property they purchase & can more easily sell the property.īuyers develop the other motives on account of a service that they want to receive from the property or its setting. Eventually, the property's value escalates, and the owner recognizes their home an asset, though it remains a highly illiquid one so long as they live there. However, all their motives lead to a form of investment. Most people do not have the luxury or budget to partake in property investment. ![]()
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