“We all have to stop waiting for the government to solve the housing affordability difficulty and instead people have to look at how they can create their own solutions” says Brett Marks, CEO of the Noah Group.

“Nothing miraculous is about to fix the housing affordability problem” Brett Marks continues, “It’s hopeless to sit around waiting for the right time to buy property.”

“Unfortunately too many people are waiting for the government to introduce new policies to solve the problem,” Brett Marks says.

“For some reason, over the past 100 years, people have believed that property in their decade was too expensive to afford. This is not looking at the problem in reality as property prices tend to increase substantially over 10 year cycles. Therefore it makes sense to get into the property market as soon as possible which can be done by talking with a financial planner and getting them to look for ways to organise your finances according to your circumstances.”

“A great option for younger people looking to get into the property market is to rent the house you live in and purchase an investment property” Brett Marks says. ‘The Noah Group can show you how much cheaper this would be due to the tax breaks you can get for investment property.”

According to Brett Marks, there is no better time to get into the property market than now and the Noah Group financial planners suggest that the best method for entering the market is buying with the view to renting the property out.

Another big part of the Noah Group services and another option for people wanting to purchase an investment property is, if you and your partner have over $120,000 in super between you, you can create your own self managed super fund (SMSF) and leverage it to finance the purchase of an investment property.

“When you’re purchasing an investment property, it’s not important whether you like the location or the design or the colour scheme as you’re not going to live there,” Brett Marks explains. “This is an investment - your money box for the future - your far better off to buy a property which has great potential for high capital growth and strong rental return.”

In regards to renting a place to live, the Noah Group recommends that you look for location that will suit you e.g. a place that is close to your work. Renting a place to live will also make it easier to upgrade to a bigger house to accommodate a growing family, or if you need to relocate for work purposes.