Podcasts Business Your First Home Buyer Guide Podcast How Can You Tell If a Property Is Truly a Good Asset?

How Can You Tell If a Property Is Truly a Good Asset?

Published: Dec. 12, 2023, 6 p.m.

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Look, we get it. Your first dive into the property pool is a big deal, and if you\'re scratching your head about what makes a property a good asset, this one\'s for you. Your first crack at the property game could set the stage for your financial future, and we\'re here to help you nail it.

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So, what truly makes a property a \'good asset\'? In this episode, we break down key considerations beyond location and size, delving into aspects such as market trends, potential for future growth, and the often-overlooked factor of property maintenance. Understanding these nuances is vital for ensuring that your first home not only provides a comfortable living space but also stands the test of time as a valuable investment.

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Your first step on the property ladder is more than just a transaction \\u2013 it\'s an investment in your future. Join us as we explore the traits that define a \'good asset\' and uncover the key factors that can turn your initial foray into the property market into a strategic move that pays dividends for years to come.

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Episode Highlights:

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00:00 - Introduction

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03:30 - Capital growth matters!

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05:40 - If it\\u2019s easy to buy, it might be hard to sell in the future

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07:02 - Don\\u2019t fall for this common myth about multiple offers and auctions

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09:58 - How does location fit into the fundamentals of a good quality asset?

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12:36 - If you can\\u2019t fix an issue, it will always be an issue

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16:28 - The bones of the property are KEY

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20:58 - What good assets DON\\u2019T have

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24:56 - Don\\u2019t make the mistake of focusing too much on the immediate neighbour

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26:30 - Why you shouldn\\u2019t judge a good quality asset based on numbers alone

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Resources mentioned in this episode:

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Resources:

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If you enjoyed today\\u2019s podcast, don\\u2019t forget to subscribe, rate, and share the show! There\\u2019s more to come, so we hope to have you along with us on this journey!

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