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Is it a good time to buy an investment property?

22 July 2010

As the saying goes, ‘there is never a bad time to buy a good investment property and never a good time to buy a bad one’.

Many investment property buyers try to determine what is the best time to buy and investment property and to avoid buying one when the market conditions are not quite right. If you continually wait for the right time to buy, chances are you’ll never buy anything because you are not sure it’s the right time.

In reality, the best time to buy depends on your individual circumstances and your finances.

Waiting for that bargain buy is counterproductive and often leads to investors kicking themselves for not buying ‘last year’ when prices were better.

Mark Armstrong, from Property Planning Australia, recently told the Sun Herald that the second half of 2010 could be a good time to pick up an investment property. He said, ‘Because of the recent strength in the market, many property owners who have been holding off making their move, will view the second half of the year as a good time to sell.’

‘The combination of a stable interest rate environment and a good level of supply means there will be more opportunities for property investors’, Mark added.

According to Australian Bureau of Statistic figures, average property values have doubled every seven to ten years over the past 50 years. However, it is pretty much impossible to predict when the market has bottomed out or hit the top.

When investing in property, thinking long term is the answer. When is the time to buy: right now if you are in the market for the long haul.

Read more tips about buying an investment property.

See properties currently for sale with Liza McKilliam.