Yes, prices are not the same as they were in 1998. They have been going up and up since then.
I hear people telling me that they are waiting for prices to come down and they will purchase a house. They are the procrastinators that ended up never buying!
I’m telling you the prices will never comes down. I remember I bought a property for $146,000 in 1998 and today it’s worth over $700,000.
I believe in bricks and mortar. I sell Real Estate with a passion and I buy Real Estate with passion. Buy a house or 2 for a future income and you may be able to retire comfortably.
I am not ready to retire yet so I continue to buy and increase my portfolio and I continue to work harder to pay for them. The work keeps my mind and body alive.
My advice to all of you: buy Real Estate. House, land, unit, whatever. Sit on it and reap the rewards in the future.
Buy today. Don’t wait for prices to go down. They won’t!
Here is a story that I read about buying an investment property in Perth and the right way to do it.