podcast

How to successfully invest interstate

Sam Saggers
0

Sam Saggers CEO Positive Real Estate


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Investors who are looking to decrease their risk and diversify their portfolio often have to look across state borders for their next property purchase.

We all face the opportunity of buying properties interstate and it's a actually a very good thing if we can diverse our portfolios, we can actually hedge our money far and wide and we usually can get reliable growth. In fact for the last 10 years of records, if you had a property in each of the major capital cities - one of those capital cities would always be going up in value. So we need to keep in mind we've got to spread our money everywhere. So what do we need to look for if we are buying interstate? Firstly; are we actually paying what a local would pay for or is our interstate money being used to actually actually create a benchmark in the market? So what do I mean by that? You'll look at a lot of off the plan properties sometimes as an interstate investor or what are the second hand properties trading for? They're a lot less than the off the plan - you need to be wary. Are you just being promoted the benefits of the property without necessarily the cons of he property? So you've got to do your research. And make sure that you understand what's happening in that marketplace and get yourself some great education about buying interstate.

Listen to other instalments of The Smart Property Investment Show:
Episode 61: The ins and outs of strata: what buyers should consider
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
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Highest annual price growth - click a suburb below to view full profile data:
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FAIRLIGHT 46.02%
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CASUARINA 44.36%
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THE ENTRANCE NORTH 41.09%
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ULTIMO 40.67%
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LAVENDER BAY 40.2%