{"id":2377,"date":"2022-04-18T10:35:00","date_gmt":"2022-04-18T10:35:00","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/52-years-of-valid-reasons-not-to-invest\/"},"modified":"2022-04-18T10:35:00","modified_gmt":"2022-04-18T10:35:00","slug":"52-years-of-valid-reasons-not-to-invest","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/52-years-of-valid-reasons-not-to-invest\/","title":{"rendered":"52 years of valid reasons not to invest"},"content":{"rendered":"

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Please use the menu below to navigate to any article section:<\/p>\n<\/div>\n

Have you noticed?<\/strong><\/p>\n

There will always be someone telling you not to invest in property.<\/p>\n

In fact there are many commentators telling you why 2022 is the worst time to buy property.<\/a><\/p>\n

\"AdviceBut that\u2019s nothing new.<\/p>\n

Sure we currently have geo political problems, rising inflation and the spectre of rising interest rates with many Negative Nellies out there telling us at property market is going to crash.<\/p>\n

Over the years there has always been somebody telling us why property investment should be avoided, despite all the positives that investing in real estate can offer over the long term.<\/p>\n

Just look back to 2008 when we were working our way out of the Global Financial Crisis, a number of commentators suggested that property values would not increase in Australia for another decade.<\/p>\n

Well, they\u2019ve been proven wrong, as owners of well-located properties in most of our capital cities and many of our regional centres have enjoyed substantial growth in the value of their properties.<\/p>\n

Then look back two years ago at the beginning of Covid when most of the bank economists warned that property values would plummets 15% or more.<\/p>\n

Instead the total value of all the residential residential real estate in Australia increased by $2 trillion over the last 2 years (more than it had in the previous decade) as the value of most Australian dwellings increased by 20% during the pandemic, and some even by 30%.<\/p>\n

Yet the property pessimists are out again telling us how a rising interest rates will lead to real estate Armageddon.<\/p>\n

Now I know at times their arguments seem to make sense, but history has proven them wrong.<\/p>\n

The average price of a home in the major capitals of Australia has just kept going up and up.<\/p>\n

Think about it \u2026<\/span><\/h2>\n

What did your parents pay for their house?<\/p>\n

Who wouldn\u2019t want to buy their parents\u2019 home at the price they paid for it?<\/p>\n

In 1978, my parents paid $25,000 for their house and took a 30-year loan from the bank to pay it off.<\/p>\n

About 25 years ago my mother sold that house for more than $600,000 and she had done little to improve its value.<\/p>\n

Today it would be worth more than $2.5 million.<\/p>\n

Yet over those years, there have always been plenty of ready excuses on offer to put off investing in property.<\/p>\n

Let\u2019s have a look at a few of the excuses I could have used over in the past:<\/span><\/h2>\n