“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.

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

Although there has been much talk from the government, no rock-solid solutions have been laid down, and unfortunately too many people are waiting on the government to solve the problem.

“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.”

“If you are just getting started,” Brett Marks says “the Noah Group can show you how it is cheaper per week to rent the house you live in and purchase an investment property, because of the tax breaks you get for investment property.”

The Noah Group Financial Planners suggest the best approach to entering the property market is to buy with a view to renting a property out. Brett Marks helps people to see that there is no better time to get into the property market than now.

Another option for purchasing an investment property, and a big part of the Noah Group’s services, is to create your own self managed super fund (SMSF) and use it to purchase an investment property (for this option you and your partner must have approximately $120,000 in super between you).

“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.”

Another recommendation the Noah Group would like to make, is that when you are looking for a place to live, you should look to rent somewhere that suits you i.e. somewhere that is close to your work, your family etc. Renting will also make it easier if you need to relocate for work purposes, or if you need to upgrade to a bigger place for a growing family.