Daimien Patterson, founder and CEO of Integrity Property Investment confirmed in an exclusive interview with Eleven Media that his advice to property investors is to invest in their next property and not put off doing so because of concerns about future interest rate rises.
Daimien Patterson is recognised as a property mentor on generating wealth through property to hundreds of property investors across Australia. Integrity Property Investment was created by Daimien, a self-confessed property investment die-hard and active investor himself, because he became fed up with the almost complete lack of trustworthy property investment firms that actually represented the interests of their clients instead of property developers.
What’s crucial to grasp at this time, according to Integrity Property Investment, is to not hold off on starting an investment property portfolio just in case the interest rates rise, know that interest rates will rise, and they will come down again! Of course, prudent management of cashflows is imperative and Integrity Property Investment ensure that the investors they assist have a healthy cash buffer to one side to cover any interest rate rises that do occur. Unprepared investors may be forced to sell, while you can hold onto your property, riding the wave while the market adjusts. It’s not about buying property; it’s about buying time.
“Just as properties cycle through many valuation fluctuations, so do interest rates cycle. Interest rates are set independently to help keep Australia’s inflation rate steady. If interest rates are going up, it means other things will too, like rents and wages. Thus, if people are unable to afford the increasing interest rates, more people will be renting, putting further demand on the rental market. As a result, rents will go up too.“ said Daimien Patterson
About Integrity Property Investment
Integrity Property Investment was founded in 2010 by Daimien Patterson and is Australia’s leading full-service property investment firm that supports everyday Australians to dramatically grow their personal wealth.
They provide the necessary education, mentoring, research, property selection, and other supporting services essential to being a successful property investor. It’s their objective to make it as easy as possible for their clients to be successful.
Before becoming a property investment mentor, Daimien grew up in the Western suburbs of Sydney Australia. As the son of a single mother with four kids living in a working-class community he went without many things as a child. Like many in similar circumstances, he overcame adversity and found prosperity in a lifelong love affair with property.
Daimien has authored several books including The Unofficial ADF Property Guide which helps ADF members understand how to leverage their ADF housing entitlements towards property investment, mindset shifts, the 6 mistakes to avoid. Other books he has authored include Safe as Houses and Wealth Through Property which talks about the pathway to property investment success, the do’s and don’ts, finance and understanding property investment to name several aspects covered in the book.
To learn more about Integrity Property Investment, Daimien Patterson and the books he has authored, visit their website here: https://www.integritypropertyinvestment.com.au/
Daimien Patterson
Integrity Property Investment
https://www.integritypropertyinvestment.com.au/
+61 1300 372 677