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Smart strategies for avoiding mistakes |
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Hi Dadaw,
Investing in property can be rewarding. But there are pitfalls to watch out for, according to Ben Nash, the founder of Pivot Wealth:
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Sacrificing growth for income: It’s tempting to focus on high rental yields, but properties that offer this often lack growth potential. You could aim for properties in growth areas, even if the rental income is lower.
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Investing for tax benefits alone: While negative gearing and depreciation can provide tax advantages, don’t let these benefits blind you. Instead, focusing on properties that promise long-term growth rather than short-term tax deductions.
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Buying off-the-plan: This can be risky. Market fluctuations, unanticipated costs, and changes in lending policies can jeopardise your investment. Instead, consider established properties for a safer bet.
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By being aware of these mistakes, you can make informed decisions and better secure your property investment's future. Discover more insights in our full article! |
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Sophie Matthews, you were amazing!
Thanks heaps to Sophie Matthews for amazing work! She’s been truly great and instrumental in getting loan approval for our very first home. I’m happy to recommend her as well as the entire Compare Club team for their extraordinary services. More power to you, guys!
Joe, September 2024
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