podcast

How to avoid buying the wrong property

How to avoid buying the wrong property
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Peter Koulizos - The Property Professor

 

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If you want to grow your portfolio, you have to make sure you're purchasing the right property in the right area.

Some of the common pitfalls that property investors make - in particular beginning property investors - is buying the wrong property and buying the wrong property in the wrong area. Because of you to be able to grow your portfolio, you've got to make sure that your property grows in value. Now the growth factors generally are location, that is a key factor, and also the land component. For example, if you buy a brand new apartment you are going to have limited capital growth due to the limited land value. Whereas if you buy a home in a reasonable location then you are hopefully going to have more capital growth. So far as location is concerned, capital growth closer to the city or closer to the beach. So if you're looking to make a safer investment get something with a reasonable land value and also in a great location.

Listen to other instalments of The Smart Property Investment Show:
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
Episode 56: The SPI Show accountant reveals all: How to pick your financial team
Episode 55: The reluctant property investor: How necessity drove an 18-property portfolio
Episode 54: The SPI Show Q&A: Listener questions answered honestly
Episode 53: 6 properties in 2 years: how this investor is achieving his goals
Episode 52: Will property prices fall? When? And by how much? What investors need to know
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
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