π‘ property - will I ever afford a house? | starter pack
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What alternative forms of investment exist beyond property?
Property investors often talk about using debt to build wealth. In the share market, that's called gearing. With the BetaShares WealthBuilder range, investors can access moderate gearing into shares, and with the newly launched GG-BL, That means exposure to a diversified portfolio of around 1,300 global companies excluding Australia, all with no loan applications, credit checks, or margin calls. Gearing magnifies both gains and losses, so it's only suitable for investors with a very high tolerance for risk. You can learn more about the WealthBuilder range of ETFs at the BetaShares website. And don't forget to read the PDS and TMD to decide if it's right for you. BetaShares Capital Limited is the issuer.
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This podcast contains general financial advice only. That means it's not specific to you, your needs, goals or objectives. So don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer and link to our financial services guide in the show notes. Property doubles every seven years and it's guaranteed to go up. These are some of the things that people tell us about property, Kate, and it is such an important part of people's financial lives. We just thought we'd have to cover it and debunk some of these myths and also give people a strategy for investing in property or buying property. Basically, anything you want to do that's property related, this is the episode in which we'll go into depth about how you do it, the smart ways to do it, and maybe some of the dumb ways to do it.
Absolutely. And I think most of us do understand property in some way because even if we're renting growing up, we understand that physical presence of a property. So it's a much easier way to start opening up that conversation of investing rather than diving straight into shares and exchange traded funds.
That's it. Yeah. So normally with you, when we get to investing in the startup pack series, what we'll talk about is more the share market side of things. So how can you invest in things through a computer, through your phone? And it becomes intangible, meaning that you can't physically touch it. You can't smell it or feel it. But property is one of those things you definitely can smell. If you've ever been to an inspection, you'll know what I'm talking about. You can touch it. Hopefully it stands up after you touch it. And you can see it. You drive past it if you own a property or you live in it. So you can actually see this tangible thing. And I think for a lot of people that gives them comfort. The one thing that doesn't give them comfort is how high property prices are.
Yeah, it's been a bit scary the last few years, hasn't it?
We could have recorded this podcast probably anytime for the past 20 years and everyone would have said how expensive it is. And so that's an important reminder that property typically is the most expensive purchase that people make in their lives. So what we're trying to do in this short episode is really just give you the strategies, the know-how to navigate the property saving process, how you get that deposit, what you can expect when you buy a property, how to go about it.
And some other alternatives to investing in property that don't look like buying a physical apartment or a house that you can see and live in.
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