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Biggest mistakes new investors make

Press coverage 30 January 2025 Summary of published coverage
Biggest mistakes new investors make

Propell Property’s Michael Pell and PIPA chair Nicola McDougall listed the errors that most often undid first-time investors, including buying emotionally, confining the search to familiar suburbs or chasing unfamiliar trending markets, and selecting a property that suited the owner rather than local tenants. Both stressed arranging finance approval first and holding a cash reserve for urgent repairs. The advice followed a 29.5 per cent annual lift in investor lending.

Reported by

Kate MacIntyre, Hobart Mercury, 30 January 2025

PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.

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