Scarcity, scarcity, scarcity.
It should be a mantra for every property investors out there who are looking at building their property portfolio to achieve a passive income at retirement. But why?
Let's look at it this way. A value of a property is affected by the supply and demand in the market. It's a basic economic concept. So, does this means that if there is a low amount of a certain property type, that property type will increase in value? Not necessarily. It needs to be scarce as well as high in demand. So how do we know what characteristics fits this description?
In this episode, Bryce Holdaway and Ben Kingsley will be sharing their asset selection tips and 40+ combined years of experience in the property industry. They will be breaking this into two separate section, scarcity in location and scarcity in property. Tune in to find out more today!
Ps: They will also be sharing a scarcity scale on this episode. Click here to check it out.
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Disclaimer: while due care is taken, the viewpoints expressed by contributors do not necessarily reflect the opinions of Your Investment Property.