Busting 5 Common Property Myths | Sky News Interview


While successful property investors follow a proven set of rules, the majority of investors believe in widely perpetuated myths about property investment.

Now it’s not their fault, it’s logical to believe that if so many people keep saying something like “location, location, location” it must be true.

But that’s not necessarily the case.

So let’s explore and, more importantly, debunk some of the most commonly believed myths.

In this video we discuss the following myths:

1. Property values double every 7- 10 years    Property Investment Checklist 300x199 300x199

No they don’t – only Melbourne Sydney and Canberra growth outpaced inflation and not all properties in these cities grew in value.

2, Location, location, location is all you need to know about property

It’s just as important to buy the right type of property for the right price in that correct location.

3. You make your money when you buy property – so buy cheaply – look for a bargain.  

You make your money by purchasing the right property not by buying a cheap property 

4. You should always buy in your own backyard.

Logically it’s fair to assume that sticking to the area you know so well because you’ve lived there for the last ten years makes perfect sense? Well, not really.

5. Spot the next big thing and you’ll make a killing!

Attempting to identify the next real estate boomtown – otherwise known as buying into emerging markets or “hotspotting” – is speculation and not true property investment.

To “invest” in property requires the intention of generating long-term capital growth that tracks above average long-term price growth for the area.


Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media. Visit Metropole.com.au

'Busting 5 Common Property Myths | Sky News Interview' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts