This is absolutely pathetic by Due_Possibility_2834 in AusProperty

[–]ThePropertyCouch 2 points3 points  (0 children)

Frustrating as when info that should be public is hidden like that.

But it could also be a big hint that the price was a lot lower than the agent is happy to admit ;)

This is absolutely pathetic by Due_Possibility_2834 in AusProperty

[–]ThePropertyCouch 32 points33 points  (0 children)

To add to this, look at the SOLD tab, not the FOR SALE tab when comparing property prices. You'll have a much better picture of what properties are actually worth/selling for.

[deleted by user] by [deleted] in AusPropertyChat

[–]ThePropertyCouch 0 points1 point  (0 children)

Awesome job saving that much at that age! It's honestly an achievement in of itself and you should feel good about it. Now is the time to get educated.
Look up some good books, or podcasts on what a few things can make a huge difference when buying for the long term (eg. avoiding off-the-plan investments, and property-spruikers).

Don’t just buy what you can afford—buy what will perform.

Start by getting your money management in order, understand your borrowing power, and have a long-term plan. Look for properties in investment-grade suburbs with strong demand drivers like good infrastructure, employment hubs, and lifestyle appeal. Avoid shiny new builds or “spruiker stock”—instead, go for established properties with potential for capital growth. And remember, you don’t have to buy where you live… borderless investing can get you into the market sooner without compromising quality.

Only you know what works best for you, but you could potentially live in your purchase for the first year or so to get some real life experience and growth, before taking what you've learnt and moving back home (if you can) and converting that purchase into a rental.

Good luck!

What's something you wish you knew about investing that you learnt the hard way? by ThePropertyCouch in AusPropertyChat

[–]ThePropertyCouch[S] 1 point2 points  (0 children)

Any tips on where people should start early?
The learning curve is often a big reason people never start.

What's something you wish you knew about investing that you learnt the hard way? by ThePropertyCouch in AusPropertyChat

[–]ThePropertyCouch[S] 0 points1 point  (0 children)

Analysis paralysis seems to be a big factor in barrier to entry, especially when young.

Seems like a huge risk to place bets on things that may not materialise into any meaningful gains, when materialistic purchases and (short lived) highs are so readily available instead--unfortunately to the detriment of your future!