When the Rules Change, So Should the Strategy

By Karl Mifsud

The conversations I’m having have changed.

Years ago, people wanted to know where to buy next.

Now they’re asking a better question.

“Is what we own actually getting us where we want to go?”

That question matters.

Australian property has created enormous wealth.

I’ve spent more than 30 years helping people invest in it, and I still believe in it.

But the numbers are tighter now.

Debt costs more.

Holding costs more.

Land tax, insurance and maintenance are higher.

The tax conversation around property keeps changing.

So it’s not enough to say,

“Property always works.”

Sometimes it does.

Sometimes the strategy needs another look.

For many people, the goal was never to own more property.

The goal was to create more income, reduce debt, retire with confidence and have more choices.

That’s the part I care about.

Because if the assets you own are not helping you move toward that life, then we need to ask better questions.

Not,

“What should I buy next?”

But,

“What does my money need to do for me now?”

That’s where good strategy starts.

My Thoughts

The strategy that helped you build wealth may not be the same strategy that helps you enjoy it.

When the rules change, the conversation should change too.