This time round, I’m exploring the famous mantra of “location, location, location” and questioning its significance in property investing. The concept of location can be misleading and oversimplified. It is super important to consider individual investment goals, investment style, and niche market.
KEY TAKEAWAYS
- The mantra of “location, location, location” is not the full picture when it comes to property investing. It can be misleading and oversimplified, especially for new investors.
- The importance of location varies depending on individual goals, investment style, and niche. It is crucial to have a clear investment criteria and strategy that aligns with the chosen location.
- Location matters more on a local scale rather than on a national or regional level. Understanding local nuances, such as demographics, infrastructure, local facilities, and safety, is essential for successful investments.
- Factors like expected returns, investment style, and understanding niche play a significant role in determining the suitability of a location. It is not solely about the national or regional rankings of “best locations to invest in.”
BEST MOMENTS
“I think it’s dangerously misleading for new investors who don’t have a grasp of the wider context.”
“You might get a good property, for instance, in an awesome location, but the return is likely to be subpar.”
“Location matters hugely on a local scale but far less so nationally.”
“The next time you hear someone emphasising the significance of location, maybe they’re an amateur, maybe they’re on the outside looking in, but remember that it’s your individual strategy that should guide your choices.”
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