It’s getting harder and harder to buy a home in Australia as market prices ascend past standard values. Although housing prices are increasing wages are remaining stagnant.
So how do you combat a system based on demand?
JDL Strategies is determined to help you enter a demanding market using the tools you have right now — it is entirely possible. All you have to do is be efficient, strategic and observant.
Market trends happen all around us every single day. Have you ever wondered why the price of celery goes up and down every week? Market demand, availability of stock, growing conditions and road condition all contribute. A recent report by Deutstche Bank tracked the prices of an array of goods and services in cities and countries around the world. Sydney Morning Herald said the report found Melbournians and Sydneysiders pay almost 40 per cent more for movie tickets than Manhattanites and Parisians.
With everyday goods so high, how do you invest in a home when you still make the same wage?
You need to have a big chat to discuss how to build your wealth and increase your capital gains and you’ll find many of these factors are within your control. We are committed to helping you build your wealth and we understand how hard it is to stick to your goals. The key is you must stay on track with your financial goals if you want to enter a demanding market and buy a house in Australia.
The first step in the process is understanding. Study how housing prices work and why they fluctuate so much: for example, one of the reasons Sydney housing prices are rising is because they are high in demand. But why is this?
A small, but probably the most obvious reason is lack of land. Sydney is Australia’s business ‘hub’ and biggest capital city. It makes sense land would be sparse and demand exorbitant.
Once you understand how market trends work you can begin to counter them with your own wealth creation strategy.
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