Andrew Winter

This is an age old question and I have actually heard people say, ‘With prices as they are now, (and that was said in 1973, 1988, 1995, 20003 and every other year too) you are better off saving your money, investing it elsewhere and avoid the deposit, lawyers, stamp duty etc!’

For most of us, ‘investing elsewhere’ can be high risk and with very, very low long term returns.

So my advice is buy, and rather than writing hundreds of words look at the below example, noting my very conservative estimate of likely capital growth- history has proved this time and time again.

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I started selling houses, at what seems a mad age now, 17 years old. Apart from a couple of years’ break, one year out in Australia, the other to try something else (that didn’t work), all I have done has been involved with selling houses since 1984. I love residential property of all types, the whole subject fascinates me. The array of different structures, ages, styles, the huge variations in condition and the way people live, the people themselves and the whole process. It is the only job where you get to look in every room of people’s private homes, even the cupboards. Just think how many I have been in. I have tried to work it out – I got to 10,000 and up! Remember that isn’t a quick glimpse in to the entry area or a quick look in the lounge room, that is a full nose around!

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