Expert urges quick decisions from owners looking to cash in

By |
Those looking to cash in on the recent strong capital growth seen in some real estate markets across Australia should do so sooner rather than later according to one property expert.

While capital growth in Australian real estate may not have been evenly distributed across the country in recent years, a recent survey by law firm Slater and Gordon revealed that 78% of Australians believe their home has increased in value in the past year.

The survey also revealed that 31% of Australians would consider selling their property to cash in on that growth, but Sam Saggers, chief executive officer of Positive Real Estate, said people should consider a different path to benefit from the growth.

“Right now, especially in places like Sydney and Melbourne, you’ve got a lot of people who are in a situation they’ve never been before,” Saggers said.

“They’ve bought a home and after what’s happened in the last few years they’re now in a situation where they’ve got all this equity built up in it and they’re thinking they should make the most of it,” he said.

While selling may seem like an easy way to benefit, Saggers said people shouldn’t be too hasty in placing their property on the market.

“A lot of the people who have benefitted probably thought they would never really be in that situation so they’ve never learned how to properly activate that equity in the right way.

“There’s a great opportunity for people to make the most of it right now and they should really consider creating a team to help them. Find people like a good finance broker who can help you and show you what’s possible.

While those looking to cash in should have a well thought out strategy, Saggers said people shouldn’t delay the process too much.

“My advice would be find out what’s possible for you and lock in that equity now.

“Firstly there’s no real use in having the equity if you’re not going to use it and the other thing is that conditions can change. In my opinion we could see prices drop by 3% or 4% in Sydney this year, so you could easily lose out if you put it off for too long.”
 

Do you have more than $120k in your super fund? You could use your super to buy property - Find out how

Top Suburbs : marrickville , the basin , windale , scarborough , artarmon

go back

Get help financing your investment



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.

Why does  Aussie need your personal information?    How does Aussie keep your information secure?
Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a partly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945.
© 2016 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.

 
How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here