You are never too young to start investing

As the front covers of property investment magazines attest, many younger investors have done well by choosing to invest in the property market.

McGrath Real Estate boss John McGrath advises that provided you can afford it, you should get involved in property at a young age.

According to McGrath, over the long term property is a very “safe and stable asset class that will become your most valuable financial investment for the future.”

While it is the most expensive asset class, he says there are capital gains exemption on family homes and negative gearing on investments that can lighten the load.

Other reasons to consider investing now include very low interest rates and improved housing affordability.

There is also the opportunity to be a renter-investor– rent in a desirable area close to the city, shops and nightlife and buy a more affordable investment property further out of the city.

Young investors could also consider buying with friends or family.


This article is fromProperty Observer's free ebook Top 10 Property Investment Tips

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