Big Risks Of Buying Budget Properties

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.

By |2019-04-23T10:47:30+10:00April 23rd, 2019|

About the Author:

David Johnston
David is the Founder and Managing Director of Property Planning Australia, author of ‘How to Succeed with Property to Create your Ideal Lifestyle’, co-author of ‘Property for Life – Using Property to Plan Your Financial Future’ and a widely-published media commentator. With more than 20 years of experience, David is passionate about educating others to make informed, and ultimately, more lucrative property investment decisions. David established Property Planning Australia in 2004 – with the vision to educate and empower Australians to make successful property, mortgage strategy and money management decisions.  Property Planning Australia’s operations have earned acclaim and national industry awards for its unique fusion of property planning, education, money management, mortgage strategy and risk management. All supported by multi award winning customer service.