Chapter 9

Investing in property

Experienced investors will tell you there’s no ideal time to buy an investment and, if there was, most people only recognise it with hindsight.

Annette Sampson

Most of us see property as a safe and easily understood investment vehicle. In Australia investing in property is widely considered a sign of success. Historically, property has provided excellent returns, and the fact that it is a physical asset that we can see, feel and touch appeals to many of us.

I purchased my first property at the age of 26 after saving a $50 000 deposit, and I admit that the main reason I did this was because of the social pressure I felt. It was a good property in a nice area and didn’t require much maintenance. Unfortunately, ...

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