So, what truly makes a property a 'good asset'? In this episode, we break down key considerations beyond location and size, delving into aspects such as market trends, potential for future growth, and the often-overlooked factor of property maintenance. Understanding these nuances is vital for ensuring that your first home not only provides a comfortable living space but also stands the test of time as a valuable investment.
Your first step on the property ladder is more than just a transaction – it's an investment in your future. Join us as we explore the traits that define a 'good asset' and uncover the key factors that can turn your initial foray into the property market into a strategic move that pays dividends for years to come.
03:30 - Capital growth matters!
05:40 - If it's easy to buy, it might be hard to sell in the future
07:02 - Don't fall for this common myth about multiple offers and auctions
09:58 - How does location fit into the fundamentals of a good quality asset?
12:36 - If you can't fix an issue, it will always be an issue
16:28 - The bones of the property are KEY
20:58 - What good assets DON'T have
24:56 - Don't make the mistake of focusing too much on the immediate neighbour
26:30 - Why you shouldn't judge a good quality asset based on numbers alone
➼ Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
➼ Work with Veronica: https://www.veronicamorgan.com.au
➼ Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
➼ Work with Meighan: https://www.linkedin.com/in/meighanwells/
Veronica Morgan & Meighan Wells
Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.
Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!
Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.
