Oct
09

Never Holiday at Home

Never Holiday at Home

Never holiday at home; I advise that you keep your holidays and your investment portfolio’s separate.

A holiday at home might be cheap, but it is not relaxing and the point of a holiday is to benefit from relaxation.

Never Holiday at Home Steve Taylor & PartnersWhen you stay at home during your holiday you can tend to mope around and perhaps clean up the house. It is not particularly enjoyable and it’s certainly not refreshing for the mind.

A change of environment is vital to getting a good break. When you go somewhere new, even if it is just a country shack out of town, you forget about life back home. You experience new things and break your usual mental habits, giving your brain and soul a wakeup call. Just sleeping in a different bed and perhaps sleeping in makes a break.

Time changes too. One week in a different environment often makes you feel like you have taken four weeks off, whereas time at home goes by in a flash.


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Now to our listeners question …

A listener to my radio segments asks my opinion on buying a holiday unit as an investment that they could also use for their holidays.

Never Holiday at Home Steve Taylor & PartnersThis is not a good idea for several reasons. When you are selecting properties for your property investment portfolio, avoid mining towns and holiday areas because of their volatility and possible capital loss.

To invest wisely, I like to eliminate risk and to do that I choose a city with a population in excess of 1million, a low base price, and high growth potential.

This is why I choose Brisbane’s growth corridor between the Pine River and the Caboolture River.

Until next week …

Steve Taylor

Need help to start your residential property investment portfolio the right way? Please contact our office to schedule a free, no-obligation consultation and let’s discuss your options.


If you prefer to listen here is my radio interview on Emerald 4HI:


Never Holiday at Home Steve Taylor & PartnersAt the helm of Steve Taylor & Partners, Steve has been delivering expert advice and product knowledge to clients for over 30 years. We provide individuals, couples and families with the right strategies to create wealth and change their lives with solid bricks and mortar.


DISCLAIMER

Steve Taylor & Partners blog is opinion and not advice. Readers should seek their own professional advice on the above subject. The figures stated in this article were accurate at the time of publication. For up to date figures, please contact our office.


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