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 74: How this investor plans to double his portfolio within 10 years
Episode 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
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