Information is key when it comes to property investments. With proper due diligence, you are on your way to successfully building your wealth through Australian real estate.
If you are new in the game, you may find the whole process a bit overwhelming.
There are many things to consider, and like other investments, there’s always risk.
To help you out, we have listed some common pitfalls in property investment:
- Relying on workaround research
- Not checking all the paperwork
- Ignoring the possible legal complications
- Mismanaging funds
- Underestimating costs
- Uninformed decision