Too often inexperienced buyers can be lured by the prospect of high yielding property.
In many instances these properties are in areas where rents and property prices can rise and fall sharply leaving long-term investors vulnerable.
When it comes to investing in property, the challenge is find a balance between yield and capital growth.
It’s important that buyers ‘do their homework’ and seek advice as high yields can mean high risk and often come at a big cost to capital growth.
Astute investors need to seek professional advice from a buyer’s agent with the local knowledge who understands what trends are active in the market.
Choose property with a reasonable yield which also has good growth prospects. The property market can be a dangerous thing and it’s easy for buyers to make costly mistakes – often it takes an experienced and educated mind to guide you through it.
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