Sam Saggers

As property investors we are all in the business of building wealth, and that means building a well-balanced real estate portfolio of houses and apartments. Now apartment purchasing is a bit of an art form – but if you get it right you can expect to receive high rental returns of five to six per cent. However, this will only be achieved if you buy a property that is better than the market average.

There’s nothing that divides the real estate community more than talking about pre-construction property. Everyone has particular properties they steer clear of based on preconceived ideas, and off-the-plan is high up there on the list. It certainly was for me.However, once I understood how it really worked and how I could make money off it, my whole perspective changed. In fact, it was a pre-construction property that actually changed the course of my life as an investor.

When it comes to being a successful property investor the one thing you’ll hear over and over again is that what you need to buy is the big ‘L’ – location, location, location! The significance of location is simple – you can do what you want with your real estate, but you can never change the area it’s in. That’s why we need to be smart about where we invest.