3 Mistakes Made by Property Investors, and How to Avoid Them

Thinking of purchasing an investment property in 2023? With recent forecasts for the Brisbane real estate market, we don’t blame you!

As seasoned luxury real estate experts, we’ve seen a lot of mistakes made by property investors over the years. So many, in fact, that we’ve compiled a few of the most common shortcomings that you should be aware of…

Selecting the Wrong Location

The endless sales data and conflicting information available in the local online property sphere can become overwhelming to say the least, and can often result in ill-advised decision-making.

With that being said, location is crucial in property investment. When it comes to selecting the right area to invest in, consider branching out of your own neighbourhood - there are plenty of up-and-coming Brisbane suburbs that are prime for investment in 2023. 

A word of advice from our team…For the next few years, suburbs Hamilton, Ascot, and Hendra are forecasted to boom ahead of upcoming developments for the 2032 Olympics. If this is an opportunity you wish to jump on, make sure you get in contact with us  – we know the Northside like the back of our hand.

Entering Without a Plan

In property investment, planning is everything – formulating a calculated investment strategy that considers all external economic factors is crucial for a sustained return on investment.

Consider factors such as setting sales targets, an end goal, and the all-important entry, hold, and exit strategies. 

Once a plan is established, don’t become complacent – review and modify routinely. Things can change very quickly in real estate, and you want to assure that your strategy remains profitable. 

How do you execute this accurately? This leads us into our final mistake…

Not Consulting a Team of Experts

Property investment is one project that shouldn’t be taken on alone. To maximise investment opportunity, minimise risk, and take the fast-track to success – consult a team of licensed property professionals that can lead you through every step of the way. 

That’s where we come in! For skilled advice that is backed by years of experience and assured to yield a profitable result, contact us today.