No other investment evokes such unnecessary emotion and misguided perceptions as residential property.
Buying property falls into two categories: homes you want to buy to live in, and properties you want to invest in.
The first is a purchase that should be considered as an investment for the future combined with somewhere you are likely to feel happy and comfortable. Liking the area and feeling that you won't want to sell for a long time is a valid part of the equation.
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With investments however, it is all about money. Unless you secure this home at the right price you should have no emotional tie and feel free to walk away. Whether you like the property or not is not the point. It's aim is to make you money.
Read more at News.com.au.