Thunderbolt Wealth Tips

Why you will never save enough deposit to keep up with rising property prices- the time to buy is now. Plus Money Mistake #3

When we speak with some people, there is always a reason not to buy property.

“I want to wait save more for a deposit”

“Rates are going up”

“Tax changes are coming”

Newsflash:

The best time to buy property was a decade ago. The second best time is now.

If you are looking at investing in an $800k property in a growth area, and that property goes up 10% in the next 12 months, will you have saved more than $80,000 in this time?

In the vast majority of most cases no, if you can get your foot in the door, even using lenders mortgage insurance where needed, you are better to buy today.

In Summary

Ignore the noise, get your long term plan in place today. Want to chat? Reply or book here:

Money Tips

After decades in Wealth Management, I’ve seen all the money mistakes, here are 10.

This week, click for Number 3.

That’s it for this week.

Keep showing up and keep cheering each other on — life is better when we support each other.

Reggie and the Thunderbolt Team