{"id":3944,"date":"2015-04-08T01:00:29","date_gmt":"2015-04-07T15:00:29","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=3944"},"modified":"2015-04-08T01:00:29","modified_gmt":"2015-04-07T15:00:29","slug":"property-cycle-is-timing-really-so-important","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/property-cycle-is-timing-really-so-important\/","title":{"rendered":"Property Cycle – Is timing really so important?"},"content":{"rendered":"

 
\nIn today’s show Michael Yardney<\/b><\/a>, from\u00a0Metropole, tells us if it\u2019s too late to get into this property cycle.\u00a0 He says timing is one of the most misunderstood concepts in property investing.
\n <\/p>\n

Transcript:<\/h4>\n

Kevin<\/b>:\u00a0 We\u2019ve spoken from time to time about property cycles. Is it too late to get into this property cycle?
\nMichael Yardney from Metropole Property Strategists answers that question. Hi, Michael.
\nMichael<\/b>:\u00a0 Hello, Kevin.
\nKevin<\/b>:\u00a0 Is it too late, Michael?
\nMichael<\/b>:\u00a0 Well, our property markets have performed very strongly over the last few years. But they\u2019ve slowed down a bit now, so it\u2019s got many investors wondering \u2013 you\u2019re right \u2013 \u201cIs it too late? Have I missed the boat?\u201d
\nI understand why they\u2019re thinking that. It\u2019s probably because it\u2019s often said that timing is everything when you invest in property. But, Kevin, in my mind, timing is one of the most misunderstood concepts regarding property investment.
\nKevin<\/b>:\u00a0 In what way, Michael?
\nMichael<\/b>:\u00a0 The truth is successful investors know how to create wealth at any point in the cycle. Timing definitely matters. Of course, you don\u2019t want to buy a property right near the peak of the boom and just have to wait a few years for the property market to rise. But successful investors find timing really isn\u2019t important to them.
\nKevin<\/b>:\u00a0 Really?
\nMichael<\/b>:\u00a0 Have you noticed, Kevin, how some investors do well in good times and do even better in bad times? Market timing just doesn\u2019t seem important to them. On the other hand, there are some investors who do poorly in good times and even worse in bad times. Market timing doesn\u2019t have much effect on them, either. Interesting, isn\u2019t it?
\nKevin<\/b>:\u00a0 Yes, it is, mate. What is it that differentiates that small group of successful investors from the crowd?
\nMichael<\/b>:\u00a0 The fact that successful investors manage to make money while unsuccessful investors lose money at the same stage in the cycle, in my mind, means it\u2019s not necessarily the external world that determines whether you make or lose money; it\u2019s something inside of us.
\nI know many people would argue that that probably means it\u2019s knowledge. But I don\u2019t think that\u2019s actually quite right, Kevin. There\u2019s always a level of knowledge that you need \u2013 financial fluency that the average, investor lacks \u2013 but it\u2019s much more than knowledge that makes successful investors. In my mind, it\u2019s actually mindset, Kevin.
\nKevin<\/b>:\u00a0 What do you mean by that, Michael?
\nMichael<\/b>:\u00a0 For some people, the current stage of the property cycle, Kevin, still makes really good opportunities around. Savvy investors see the current times as an opportunity to buy good investments.
\nBut for others, there seems to be all sorts of negatives in the press, and they get confused and concerned by that, and they see it as the worst of times. Sometimes it\u2019s because they are saddled with unfortunate debt or they\u2019ve made wrong investments. But, in my mind, some people always seem to see abundance, while others seem to find scarcity.
\nKevin<\/b>:\u00a0 Yes. Is it more than just knowledge and facts, Michael?
\nMichael<\/b>:\u00a0 I think you\u2019re right, Kevin. That\u2019s right. Knowledge alone won\u2019t assure you success. I\u2019ve seen some very knowledgeable people make some foolish investment decisions.
\nInterestingly, as I said, while some investors are currently getting in the game and buying great investment properties to secure their financial future, others at the moment are just a little bit tied up with all the what\u2019s happening in politics and the world with the Australian dollar falling. \u201cIs it too late in the cycle?\u201d
\nA couple of days ago, I spoke to a client, and interestingly, Kevin, he\u2019s been waiting ten years for the market to be right \u2013 just right. He\u2019s looking for everything to line up. If only he\u2019d bought any property then, boy, would he be in a different position today.
\nKevin<\/b>:\u00a0 I quite often wonder whether sometimes we just wait for the perfect time to arrive, Michael, and it just doesn\u2019t happen.
\nMichael<\/b>:\u00a0 Exactly. In my mind, wealth is attracted to people who are decisive and committed. If you\u2019re waiting for the timing to be perfect, Kevin, the timing will never really be perfect for you. Currently, property investors are taking advantage of some good opportunities to buy properties, despite the heat in the market. I bet you when you interview them in a couple of years\u2019 time on Real Estate Talk, they\u2019re going to look back and say, \u201cHey. 2015 was a pretty good time to buy property.\u201d
\nKevin<\/b>:\u00a0 Getting back to my original question, Michael, it\u2019s not too late to get into this property cycle?
\nMichael<\/b>:\u00a0 No, it\u2019s not. But clearly, the market is going to be flatter this year.\u00a0 The market is not going to do the heavy lifting, pushing up the property values, so correct property selection in the areas that are going to outperform the averages. You\u2019re actually not buying the<\/i> market; you\u2019re buying individual properties in the market \u2013 ones that will increase in value because of the location, because of the demographics in the area, and probably one that you can add some value to, Kevin, so that you\u2019ll manufacture some capital growth while the market is a bit flatter.
\nKevin<\/b>:\u00a0 Sounds good, Michael. Thank you so much for your time.
\nMichael Yardney from Metropole Property Strategists. Thanks, mate.
\nMichael<\/b>:\u00a0 My pleasure, Kevin.
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

  In today’s show Michael Yardney, from\u00a0Metropole, tells us if it\u2019s too late to get into this property cycle.\u00a0 He says timing is one of the most misunderstood concepts in property investing.   Transcript: Kevin:\u00a0 We\u2019ve spoken from time to time about property cycles. 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