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Top Ten Real Estate Mistakes

Below are the top ten errors that buyers make when purchasing residential property for investment purposes.

  1. Buying in the right suburb but the wrong street/pocket.
  2. Buying a property that is brand new or over renovated.
  3. Buyers believing they can select and negotiate better than an experienced, independent buyers advocate.
  4. Believing that floor area or land size is a major driver of capital growth.
  5. Buying an apartment in a high density block.
  6. Not understanding the difference between purchase price and performance.
  7. Believing the selling agent as to what the property will sell for.
  8. The property not possessing any scarce or unique features.
  9. Purchasing an investment property too far away from a major CBD.
  10. Assuming a property manager will actually manage the property. (apart from our firm of course).

 

 

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