If you are regularly watching the news or reading the latest news articles in the media, like many, you may be feeling overwhelmed at times, uncertain, frustrated, controlled, and burnt out about many aspects of COVID life.
While there is no crystal ball to see or answer 'What is the future for investing in property?', there is the reality of now, and if the year to date has shown us anything, the Sunshine Coast market is changing direction in Real Estate investment as we have come to know it. What this means is, we cannot have a mindset of thinking when COVID goes away life will return to normal. In a perfect world, it would be great to think that the introduction of a vaccine will cure everything, but the world has already changed and progressed forward in ways that will never be turned back.
The economy will continue to be impacted, the type of money transactions will continue to change (potentially progressing to a cashless society), stock markets will fluctuate, superannuation will rise and fall, and world trading will change. However, the one commodity that has been least affected according to research, is property. Property is one of the most tangible assets that cannot disappear or be taken away as easily as other commodities. No one knows the future, but what we do know and have seen this year is that everyone needs a home. Now is the time to think about possibly growing that portfolio and investing in your future, not when things get better and return to normal.