Making mistakes at property market investment happens a lot more often than what you might think. You’ll hear about first-time homebuyers regretting their investment choices for various reasons.
But if you really think about it, many of these problems come from the same thing. Would-be investors simply lack the knowledge and preparation to make the right choices.
I’ve come up with 10 of the most common mistakes people make in property market investment. Try to see if you’ve experienced any of these investment faux pas.
Mark Mulligan has written an article for the Business Day section of the Sydney Morning Herald where he talks about the possibility of a slowdown in the Australian property market. Mulligan feels that the expected decline in our real estate by March next year may bring the economy closer to recession.
In an article for the website Your Investment Property, Phil McCarroll discusses whether Sydney has had its fair share of apartment supply and if it can afford any more anytime soon. While some fear apartment oversupply, there are many experts who feel that we are only catching up after a long period of undersupply.
Cameron Kusher writes a piece for the website Property Update wherein he talks in depth about the Sydney housing market and what the present trends may mean. Kusher diagnoses the problem using nine indicators.
In an article for the website Your Investment Property, Phil McCarroll talks about the moderation in property growth expected in Sydney and Melbourne in the months to come. Experts believe that it may not be wise to predict a complete downturn for the two capital cities but a “moderation in strength” is certainly on the cards.
I recently read an article on Your Investment Property which talked about minimised approval times for new housing and how this change can help streamline projects and cut the cost and time of developing them. This is definitely good news, as red tape oftentimes chokes the project pipelines.
