How do you beat the rising costs of living in a city like Sydney?
One simple solution is to set up your own wealth management firm and invest your money in real estate.
It’s a strategy that could make you richer than the average homeowner in just a few years.
With more than 3,000 housing projects under construction across the country, it’s easy to understand why.
“The biggest challenge is getting people to understand how it’s done, and that it’s a sustainable and cost-effective way of investing,” said Sydney property agent Sarah Mabey.
A big challenge, however, is that the cost of buying a house in Sydney has been steadily increasing over the past few decades.
That’s because the price of land has risen so dramatically.
Now, the average price of a house is just $7 million, but if you live in Sydney, you’re on track to own more than $50 million worth of property by 2026.
You can see this trend in the graph below which shows how Sydney’s property market has changed over time.
According to the latest figures, the median price of Sydney’s median house is now $1.2 million.
And if you’re not doing the research, you might think you’re in a bubble, but the truth is that many of us aren’t.
In fact, the number of Sydney home sales this year was more than double the previous year, and the number is set to grow even further.
So what’s going on?
In the wake of the housing market crash in the late 1990s, the city’s population and housing supply plummeted, forcing many to vacate the city.
A dramatic rise in property prices, as buyers scrambled to get into the market.
This year, the Sydney market is projected to reach $1 billion.
As a result, many property investors are being forced to sell their properties, while other buyers are being asked to buy them back at a steep discount.
There’s no denying that Sydney’s housing market is a problem, but it’s not as bad as it used to be.
Property prices are on the rise again thanks to a number of factors, including the global economic downturn and the global housing affordability crisis.
But there’s another reason why Sydney’s real estate market is booming again, which is the globalisation of wealth.
People are moving away from owning homes and instead investing their money in other assets like shares, equities, real estate and bonds.
While the value of Sydney homes has increased by more than 70 per cent over the last decade, the price growth for the value and performance of the other asset classes has also increased.
Many of the people buying properties in Sydney are simply moving from owning a house to buying shares or equities in a real estate project.
What can you do about the rising housing prices?
Investing in real property is the best way to boost your wealth and increase your returns, but you should also consider investing in other asset types.
For example, consider renting out your home to someone who isn’t paying you rent, and if you have property income that’s not enough to live on, you could use some of that income to buy shares.
If you’re still having problems getting your house up and running, you may also be able to find a way to buy some of the properties in the Sydney area that are currently under construction.
Finally, if you want to start investing in real assets, it might be wise to look at a realtor.
They’ll probably have a good idea of what’s available and how much you can afford to spend.
When you’re ready to invest, it will be very easy to find an agent who will advise you on how to get the best deals.
One of the best ways to save on the cost and hassle of buying and selling real estate is to use a wealth management service.
Just like investing, it is important to understand the financial benefits of real estate investments and take advantage of them when they become available.