Grant Wheeler, Director of Engel & Völkers Southern Africa, says property should always be a part of any balanced investment portfolio.
Keeping the active versus passive, cash versus geared debates aside for the purposes of this discussion there should always be a stepped/progressive approach to investing in property.
What follows is aimed at the Average Joe who has a steady job or income and has a lump sum available to invest.
Building a balanced investment portfolio made up of shares (listed and unlisted), ETFs, bonds, property stocks, physical property, etc. can essentially start anywhere. Usually at the beginning of any portfolio build liquidity is important.
You are bound to make mistakes and will need to be adjusting your capital allocation constantly. A big property purchase for example is difficult to get out of if that lease you are relying on falls through, particularly if that lease underpinned the property value.