40 property investment lessons I learned in the last 40 years

Key takeaways

With the benefit of hindsight and knowing what you know now if you had the opportunity to do so, would you have bought an investment property 40 years ago?

If I had a time machine I would warn you that in the next year or two Australia would fall into a recession and that in 6 years time negative gearing would be removed only to be reintroduced a couple of years later.
Of course with the benefit of my time machine and you still being back in the 1980s as you planned to buy the first property I would warn you about the upcoming AIDS scare and the SARS pandemic, the Asian financial crisis, September 11th, the Global Financial Crisis, the Coronavirus induced world recession.

Would still have had the courage to buy that property back then in 1980?

The answer for many people would now be: “No…why on earth would I invest in property knowing there are so many challenges, problems, and risks ahead.”

Of course, they would have missed out on some amazing wealth-building opportunities, wouldn’t they?

Hindsight is a wonderful thing, isn’t it?

Let me ask you a question…

With the benefit of hindsight and knowing what you know now if you had the opportunity to do so, would you have bought an investment property 40 years ago?

Investment Time

I bet your answer would be yes realising that the median property price in Sydney was $68,500 back then and that you could have bought a median-priced property in Melbourne for just $40,000.

Let me ask you another question…

What if you didn’t have the benefit of hindsight and there we both were, back in 1980 (43 years ago) and just as you were about to invest in a property I told you that in the next year or two Australia would fall into a recession and that in 6 years time negative gearing would be removed only to be reintroduced a couple of years later.

What if I told you there was going to be a stock market crash in 1987, and a severe recession in the early ’90s, meaning that in the first decade of owning your investment property you would have had to face all those headwinds?

Knowing that would you still have bought that property back in 1980?

Of course with the benefit of my time machine and you still being back in the 1980s as you planned to buy the first property I would also warn you about the upcoming AIDS scare and the SARS pandemic, the Asian financial crisis, September 11th, the Global Financial Crisis, the Coronavirus induced world recession.

Would still have had the courage to buy that property back then in 1980?

The answer for many people would now be: “No…why on earth would I invest in property knowing there are so many challenges, problems, and risks ahead.”

Of course, they would have missed out on some amazing wealth-building opportunities, wouldn’t they?

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