Hope you are loving this series on the 6 Big Mistakes when Buying a Property! These are valuable lessons I learned and want to share with you.

Mistake number three is buying an old property.
The government is required to increase the housing stock to keep up with the growing population. As a result, all of the government incentives are geared toward newly built properties.

New properties are significantly better for cash flow. Older properties naturally cost more in maintenance. After 5 years, a typical house starts to need more maintenance. Once a house is 20 years old, you need to start budgeting about $5,000 per year in maintenance so you can give it paint, replace the air conditioning, and so on as needed.

To find out more, order my new book, Wealth Through Property and enjoy the early bird discount of $19 + $10 postage and handling.
Unlock the secrets to success in property investing!

Click here to order your copy today!

Join me for the next BIG mistake when buying a property!
~Daimien Patterson

🫵Come and join our weekly webinars where we discuss strategies to improve your future, property investment tips and tricks, the do’s and don’ts of property investment, and much more!

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Legal Disclaimer: This information ('the information') is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. All investments involve risk and potential loss of money. If you require advice in any of these fields you should contact a suitably qualified professional to assist and advise you. Your personal individual financial circumstances must be taken into account before you make any investment decision. We urge you to do this in conjunction with a suitably qualified professional. Daimien Patterson, IntegrityX Enterprises Pty Ltd, and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers do not guarantee your past, present or future investment results whether based on this information or otherwise. Daimien Patterson, IntegrityX Enterprises Pty Ltd and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers disclaim all liability for your purchase decisions. You should do your own independent due diligence and seek the advice of qualified advisors before making any investment decision.