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

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.


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.


Your first step on the property ladder is more than just a
transaction – 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.


Episode Highlights:


00:00 - Introduction


03:30 - Capital growth matters!


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


07:02 - Don’t fall for this common myth about multiple offers and
auctions


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


12:36 - If you can’t fix an issue, it will always be an issue


16:28 - The bones of the property are KEY


20:58 - What good assets DON’T have


24:56 - Don’t make the mistake of focusing too much on the
immediate neighbour


26:30 - Why you shouldn’t judge a good quality asset based on
numbers alone


Resources mentioned in this episode:


Learn how to buy property without making a mistake with our
10-step online course for first time home buyers
https://homebuyeracademy.com.au/YFHBG

Your First Home Buyer Guide Podcast Episode #40: How Can You
Identify A, B, and C Grade Properties?
https://homebuyeracademy.com.au/podcasts/040



Resources:



FREE TRAINING: How to make an educated
decision so you buy your first home with the right amount of
debt https://homebuyeracademy.com.au/webinar

Visit our website https://www.homebuyeracademy.com.au/

If you have any questions or would like to be featured on our
show, contact us at: Your First Home Buyer Guide Podcast
support@homebuyeracademy.com.au

Looking for a Sydney Buyers Agent?
https://www.gooddeeds.com.au

Work with Veronica: https://www.veronicamorgan.com.au

Looking for a Brisbane Buyers Agent?
https://www.propertypursuit.com.au/

Work with Meighan: https://www.linkedin.com/in/meighanwells/



If you enjoyed today’s podcast, don’t forget to subscribe, rate,
and share the show! There’s more to come, so we hope to have you
along with us on this journey!


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