Everyone generally knows that’s interested in property that nearly 8% of Australians are interested in property investing. Only 1 out of every 100 property investors is having any degree of success, meaning they own five or more properties.

Now, I feel, given the heat in the market, the number of people who are interested in property investing, the biggest challenge that new investors face is that there is an overload or an avalanche of information. It’s really difficult to understand which information is relevant and which is just noise.

If you are new to property investing and you’re looking for a way to distill information, then probably one of the biggest tips I can give you is make sure that any investment that you’re thinking of undertaking actually has a robust business case behind it. Meaning it’s not based on proposed spending and projected sentiment, but more based on facts and figures and is concrete.

I think in the current market environment, the days of speculating and hitching a ride on a rising market behind you, it’s really important that you start to understand that not all information is created equal, and that you need to be basing your decisions on concrete data.

So anyway, I hope you found that useful. If you’ve got any questions or you want any further support, please reach out Salena Kulkarni at PhoenixWealthGroup.com.au. Thanks.

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