Why Right Now is a Great Time to Invest in Real Estate…

Times may seem tough right now in many parts of the world but if you focus on the positives, there are many benefits to be had. The real estate industry, for instance, is one sector which offers great opportunities for investors during a financial crisis.

In Australia, the real estate market is showing positive signs for people wanting to purchase property for investment purposes. Things like lower interest rates, increasing affordability, higher rental rates and a severe lack of supply of homes in some areas.

Areas with strong growth indicators are more likely to benefit and will include the suburbs that first time homebuyers and investors find attractive Look at suburbs considered appealing, such as those in strategic locations with ready accessible to public transport, schools, child care centres, supermarkets and so on.

Housing demand has been consistently high in Australia. It has been estimated that Australia will need an additional 1.15 million new dwellings between 2002 and 2011. Two thirds of these dwellings will be separate houses. However, the pace of building newly constructed homes cannot cope with the demand. In 2008 for instance, only 150,000 new homes were built, well below the 180,000 needed to house the demand.

Mortgagee sales and foreclosures are on the rise. By the end of 2009 alone, it is estimated that some 30,000 homes will face foreclosure. Investors have the opportunity to seize opportunities in this sector.

If you are serious about investing in property, now is the time to prepare and to make sure you are ready to act should real estate opportunities head your way.

Wendy Moore is founder of www.affluencia.com and creator of the Get Started in Property Mentoring Program - the step-by-step, hold your hand program that gives you the tools and confidence to take your first step on the property investing ladder so you can live a life you love. To receive your F.R.E.E. Special Report and weekly how-to articles to expand your property investing toolkit, visit www.affluencia.com.