When bricks and mortar go to water

Sep 5 2011 / 10:52 am Was written by Atwell & Co. Comments Off

Many properties can double in value over seven to 10 years but don't take it for granted.  Picture: Jessica Shapiro.

Many properties can double in value over seven to 10 years but don’t take it for granted. Picture: Jessica Shapiro.

When buying property to generate wealth, keep your cool and plan carefully.

Most of us are taught from an early age to learn from mistakes. But it does not pay to slip up when you sink thousands of dollars into an investment property.

The stakes are too high and the potential losses too great. You can slide into bankruptcy simply by taking out the wrong investment loan or by buying into an area that is about to fall into decline.

According to the Australian Housing and Urban Research Institute, 25 per cent of investors sell their investment property within a year of buying it.

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Atwell & Co Real Estate
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