Hold for the long term

08 Jun 2015| Posted by: Geoff Baldwin

The secret to long-term wealth using property is to start with the end in mind. In other words plan out your long-term financial goals taking into account just how much income you'll need to retire comfortably. Only 6 percent of our population buy investment property in addition to normal superannuation, with the intention of building long term wealth. These are people who set themselves up financially for a very comfortable and prosperous future. Most people consider their own home to be the single best investment they have ever made, and they are usually right!