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Investors can't pay too much attention to short-term market movements.
Peter Esho caught up with BFM 89.9, Malaysia's independent radio station focused on business news and current affairs to speak to their global audience about recent moves in interest rates, global economy and what investors can expect over the next few months.
In the interview Peter mentioned that“the market will remain sideways. It's going to be very temperamental. And I think it's a lesson for investors in that you can't pay too much attention to short-term market movements.”
As a real estate investor you need to make sure that the type of real estate that you're buying has the ability to continue increasing rents with inflation but also you need to think 5-10 years minimum, not weeks or months.
The RBA is increasing rates because the economy is very strong. The residential real estate market in particular has the ability to increase rents. Rents are going to rise and investors are going to have a cushion.
It's a really interesting time in the property investment market. The market is slowing, but this means we're able to find some great buying opportunities. If you have been thinking about property investing and waiting for the market to come back a little, now is the time to make use of these opportunities.