The world is most certainly experiencing some challenging times with the spread of the coronavirus. It’s very unpleasant knowing that there are fellow human beings at risk; health wise and economically. It’s easy to trivialise what is a really serious health risk for many vulnerable people and we all need to make sure that our loved ones, friends, neighbours and families are safe. Because really that’s all that matters in life, right?
But at some stage this upheaval around Coronavirus will pass and you won’t have to squabble over toilet paper rations in the supermarket aisle.
While it may take some time, everything will settle down and world economies will recover. We don’t want to revel in other’s misfortunes of course, but at that stage many will rue the opportunities missed.
It might seem a bit soon to be talking about this but it’s exactly now that we / you need to think about this. We will be reeling from the effects of the coronavirus outbreak for quite some time, and that’s exactly what many of us don’t have – TIME.
Over the years we hear all manner of reasons people find to put off looking after their financial futures, in short to wait and see what will happen before making a decision; everything from the global financial crisis, to the GST being introduced, from the Sydney Olympics, to Brexit, from President Trump’s latest tweet, to it being the wrong kind of weather … seriously !
And here we have another one that can be added to the list – the Coronavirus !
What will be the outcome of all this ? How will the world recover ?
The questions are many and the answers not immediate. So it’s yet another reason to wait and see before making a decision. While perceived political and economic uncertainty can definitely be unsettling, we would suggest that if you look hard enough there will ALWAYS be a reason you can find to NOT plan your financial future and take action. And perhaps there are lessons to be learned when there are such sweeping impacts happening around the world. Because the world always recovers. Just when you think that it never will, it does. We absolutely appreciate that fear is real to many of us, and it’s not easy to be brave but at the end of the day, if you buy an investment property in an area where there are strong growth drivers and strong demand and a growing population AND you hold on to it for long enough then it will perform for you.
The What-Ifs in life are many and varied, and we are not saying throw caution to the wind and then don’t sleet at night …. but once this all over, don’t let Coronavirus outbreak be the next reason you cling onto to not do this and regret it in a couple of years time when you find yourself thinking “darn it … should have done this years ago !”
Call us on 1300 077 766 – if you would like to talk to specialised buyers agents to help you buy your next home or invest in property.