Where would you like to be in 10 years’ time? Working as hard as you are now, or looking at stepping back a bit so you have more time to enjoy with family or friends, or your hobbies and interests?

We haven’t just entered into a new year, we’ve entered into a new decade, so now really is the time to start looking at ways to make your financial vision a reality.

And we think that should involve property.

Property is an investment that has stood the test of time – after all, everyone needs somewhere to live. We’ve been in business for over 40 years now, so we truly believe bricks and mortar are a good investment.

While we haven’t got a crystal ball, and who can predict what the market will do, there are currently several good indicators why you should consider property in your investment strategies for 2020 and beyond.

Investing in property is long-term, so now really is the time to stop dreaming about planning to invest in property, but to actively put your dream plan into action!

Property prices are set to rise

According to the CoreLogic national home value index, dwelling values rose by 1.1% over the month of December and by 4.0% over the quarter to finish out 2019 on a positive note. This result represents the fastest rate of national dwelling value growth over any three month period since November 2009.

This means if you invest in property now, the chances are you’ll have a good capital gains in a few years’ time.

Interest rates are still low

The Reserve Bank of Australia has just announced the cash rate unchanged at 0.75% and although there are varying opinions, interest rates are generally predicted to remain relatively low for at least for the coming year.

Speak to a financial specialist who can explain how rates could affect your budget. Mortgage interest is currently tax deductible, meaning you can offset this against your tax.

Great lender deals

Gone are the days of just the Big Four banks, there are far more lenders on the market now vying for your trade, and many will offer to borrowers in non-standard situations. Plus, the switch to comprehensive credit reporting last year, meaning positive credit histories are now taken into account when a borrower is assessed for a loan, has put many people in a more favourable position when applying for a loan, particularly with the smaller lenders.

Again, we suggest speaking to a mortgage broker now. They will have access to a wide range of lenders and will take out much of the legwork in researching loan providers.

Newcastle offers good rental yield and steady capital growth

With its fantastic location, revitalised CBD and good transport infrastructure, as well as good higher educational and many different work opportunities, Newcastle is definitely on the map as a desirable place to study, live and work. This is reflected in the property market; over the past few years, we’ve generally seen excellent rental yields and steady capital growth.

 Want to know some more reasons why you should include property in your 2020 investment strategies, or want to know what other property investment opportunities Newcastle and the Hunter Valley has to offer?

Get in touch! We’ve helped hundreds of people realise their financial dreams through property investment and we’d love to help you too.

Our experienced team loves to talk and share its knowledge! Give us a ring on 02 4954 8833, send us an email to mail@apnewcastle.com.au or pop into our Cardiff office for a chat.