Don’t follow the herd.
A client recently asked:
“I’ve heard this suburb is the next big investment opportunity; do you think I should invest there?”
Before answering (or even asking) such a question, there are other questions to consider:
- Who is making the claim?
- Do they have a vested interest in rising prices?
- What research or evidence is the basis for the claim?
And so on…
Our guiding principle on Property Investment is to treat it as a business, not a ‘hobby’ (something you love to do that costs you money).
- You need a plan before you invest.
- Then select property that fits your plan, regardless of whether its located in a ‘hotspot.’