The long and short of property investment
When we hear of properties selling at eye-watering profit margins it is tempting to think the vendors got ‘lucky’. Shows such as ‘The Block’ also create the impression that it is easy to jazz up a bargain buy (if you can find one!) and then ‘flip it’ for a quick profit.
In reality, research from the March 2017 quarter reveals properties that resold at a profit have typically been owned for an average of 9.1 years (houses) and 7.6 years (apartments). The same report found properties that resold at a loss have typically been owned for less than 7 years.
Whether you are considering your first investment property or another one, if investing in property is on your mind, then contact us.
