Investing in residential property interstate can deliver big financial benefits, but there are traps lurking for those who don’t do proper research.
Land tax savings can add up to several thousand dollars, while diversifying your assets outside your backyard is seen as a wise investment strategy.
University lecturer and author Peter Koulizos says state property markets can move in different directions, so spreading purchases across states means you can tap into growth areas, but also lower your risk when particular market does poorly.
