How to get the same success as these investors
What’s the common thread with these investors?
They’ve all seen phenomenal increases in the value of their investments. And in some cases the value of their property has gone up faster than the surrounding market.
But the most important factor is they’ve stayed in the market for several years.
Take the Christchurch investor as an example. They purchased their investment for $445,000. At the time, did they think it would be worth $225,000 more just 8 years later? No, they couldn’t see how house prices could go up any more.
But, they took a punt anyway, invested, and now are better off for it.
You might read this article and think “Of course these people have made money ... property prices have gone crazy!”
But when these Kiwis decided to invest, those gains weren’t obvious. It’s only obvious in retrospect.
To get these types of gains, you’ve got to stay in the market for the long term.