Invest in property now but with 10-year outlook: Mark Bouris


By Larry Schlesinger
Friday, 28 June 2013

Property investors should be taking advantage of low interest rates to invest now but with a long-term outlook, says Yellow Brick Road founder Mark Bouris.

Bouris expects modest dwelling prices rises over the next 12 months but says investors need to look to hold property for at least 10 years to benefit from the peaks and to ride out the troughs.

His forecast is for house prices to rise by around 3% for the 12 months to May 2014, matching the 2.9% gain over the previous 12 month period as recorded by RP Data-Rismark.

“Most of the people panicking about property are looking at the three years between 2010 and now, and they see a drop, says Bouris in a column for news.com.au.

“However, if you start at 2008, you see a rise of $44,512 in five years.

In May 2008 the median dwelling price was $446,488, it rose to $507,446 in 2010 and then tapered off to $491,000 in May 2013, according to RP Data-Rismark.

“My bottom line: Stay in property for at least 10 years and ensure you get the peaks as well as the troughs.

“To cover 2014, aim for 2024,” he says.


Date posted: 2013-06-28 | posted by: mydep




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