Experienced investors will tell you there’s no ideal time to buy an investment and, if there was, most people only recognise it with hindsight.
Most of us see property as a safe and easily understood investment vehicle. In Australia investing in property is widely considered a sign of success. Historically, property has provided excellent returns, and the fact that it is a physical asset that we can see, feel and touch appeals to many of us.
I purchased my first property at the age of 26 after saving a $50 000 deposit, and I admit that the main reason I did this was because of the social pressure I felt. It was a good property in a nice area and didn’t require much maintenance. Unfortunately, ...