George Raptis is Director of Metropole Property Strategists in Sydney. He shares his 27 years of experience in the property industry as a licensed estate agent and active property investor to help create wealth for his clients.
He is a regular commentator for Michael Yardney's Property Update.
Far too many investors chase the cheapest interest rates but mortgages are much more than just their interest component. In fact, there are other elements which it pays to get right... long before you've signed on the dotted line.
Do you know the difference between price and value? Well you should... because the two principals are quite different and can make a big difference to your chances of achieving financial independence or freedom.
In our current hot Sydney and Melbourne property markets there is an abundance of cashed up home buyers and investors ready to buy good properties, so I would suggest not trying to buy a cheap property but to concentrate on correct property selection and buying an investment grade property to which you can add value through renovations, thereby manufacturing some extra capital growth.
If you could choose between a home built 50 years ago that needs structural repairs and a major renovation down the track or a brand new home with all the mod cons, which one would you choose?
Do you know what the difference is between a successful and an unsuccessful property investor? Or how you can make sure you're on the right side of the property success ledger? These are but two things that successful investors do regularly. Of course, there are plenty more, including some things that they don't do, so here are seven of them to help you along your property investment journey.