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 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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Highest annual price growth - click a suburb below to view full profile data:
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BATEMANS BAY 47.67%
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MILSONS POINT 46.49%
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PAMBULA 42%
4.
BELLA VISTA 39.83%
5.
SPEERS POINT 39.69%