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PROP012 6 tips for investing in property (480 words)
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PROP012.doc
Description
This article suggests some hard questions potential investors in residential property should consider instead of simply following their heart. It also explains the differences between interest-only and principal and interest loans.
Introduction
We are often asked if it is a good time to invest in residential property. Quite simply there is no yes or no answer to this question. The real question you need to ask yourself is, “is this the right time to invest in property for me?”
There are many different styles of property (houses, units, townhouses, and so on) in many different locations (CBD, inner suburbs, outer areas, rural, etc). The choice of property for investment purposes is enormous, so here are six useful guidelines to help you make an informed decision.
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