Housing affordability has been the hot topic in the Australian property market over the last few years. With prices soaring in Melbourne and Sydney, more buyers are turning towards budget properties.
While the deposit, repayment and rates may be lower and more attractive to potential purchasers, buyers should tread carefully when considering a budget property.
One of the biggest risks is purchasing a property that is poorly located, with limited capital growth prospects.
Our partner in education and our upcoming Podcast, Peter the Property Professor Koulizos, shares his insights in Your Investment Property.