From: Anthony Friday
I am a relative novice to property investment (only four so far, all in Perth).
I have focused my efforts on the bottom end of the market - rationalizing that when times are bad, people tend to down size their rental accommodation. Given this equation, the tougher the times, then the more demand there should be for my properties. It also serves to spread my risk somewhat.
I have balanced this viewpoint with an awareness that my management costs are higher, and that I may attract a less desirable standard of tenant (although I have been lucky so far).
I would be interested to hear the philosophy of other board members on this topic.
I am a relative novice to property investment (only four so far, all in Perth).
I have focused my efforts on the bottom end of the market - rationalizing that when times are bad, people tend to down size their rental accommodation. Given this equation, the tougher the times, then the more demand there should be for my properties. It also serves to spread my risk somewhat.
I have balanced this viewpoint with an awareness that my management costs are higher, and that I may attract a less desirable standard of tenant (although I have been lucky so far).
I would be interested to hear the philosophy of other board members on this topic.
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