15 Dec 2019
As all of you know I am a big fan of investing in the property industry.
My first step on the ladder was going halves with my sister on a piece of land in Kinlock in my early 20’s (which she later brought off me), through to buying and renovating and of course now developing – it’s been quite a journey over the last 15 years.
One of the main reasons I find investing in property to be the least risky is that you have the ability to leverage on the amount invested. Whether this is investing in your own property or investing in a development project – you have the option, control, and freedom of creating the gains you want.
But like any investment, even property does come with risks such as:
- Buying when the market is at it speak – paying too much for the investment
- Buying a leaky home – working through remediation
- Buying in the wrong location – this includes in the right city but the wrong suburb or buying in the wrong city altogether.
- Over Leveraging and over-commitment
Fortunately or unfortunately I have dealt with all of these factors and have learnt from these. Hence why I can talk and relate to people who are going through similar circumstances, and yes you could look at the above risks negatively, but I’ve found them to be great opportunities – to learn and grow and sometimes still profit. For example, buying a leaking home in a great area can turn into a great investment once it’s been re-clad ( but yes, it is painful).
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08 Nov 2018
Square Meter Rates on the Floor Vs Walls
One very valuable (and expensive) lesson I have recently learnt is understanding the language of the tradesmen on the 4 house development at Rd. Being aware of companies quoting square meter rates (sqm) on the walls Vs floor. For example ...Read More