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When buying property purely for wealth creation, it can often pay to look beyond your local areas where you’re most familiar.
Depending on where you live of course, and the time in various market cycles, it may be that properties elsewhere in the country offer return profiles more aligned to financial objectives.
And in the context of striving towards end goals like owning a particular principal place of residence, or enjoying passive income from an investment portfolio to benefit retirement, meeting certain financial objectives is often extremely important.
However investing interstate is not without risk, and if you plan to develop your property for further growth that might be something which proves challenging without being ‘on the ground’ so to speak.
In today’s show we reflect on both personal and client experiences investing interstate and hopefully it’s insightful for listeners considering their own options.
Enjoy the show!
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The Long Property Show provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Nothing in the Long Property Show constitutes legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
