You can still make a profit, but you have to be very strategic about the property you buy and how much you spend on the renovation, and accurately forecast the price you're likely to get.
Carrying out the right research before purchasing an investment property could mean the difference between making a loss and creating wealth. However, property research isn't always as straightforward as it seems. Here are some mistakes you should avoid as a property investor.
Erin and her husband own an investment property in Perth which is now worth less than they paid for it eight years ago. With rents falling, they ask Paul Clitheroe if it's time to cut their losses and sell.
Property prices may be struggling in most capital cities but longer-term investors needn't despair - there are plenty of "cash cow" suburbs that still deliver decent returns.
Labor promised to overhaul negative gearing if elected, but the potential for more downward pressure on house prices will be of significant concern to homeowners.
Many baby boomers who downsize into apartments are struggling to cope with noisy neighbours and dictatorial owners corporations running their own agendas, not to mention surprise special levies.
An exodus from big cities is driving strong capital growth in regional areas. We reveal where to invest in regional Australia, and how to identify a hotspot.
You'll now receive new articles and insights that will help you earn more, save more and make the most of your investments.
You can expect to hear from us every week.
In the meantime, stay up to date by following Money on social media.
Important
To ensure you receive emails from us, we recommend that you add our email address (@moneymag.com.au) to your contacts or safe senders list.
If you don't receive our newsletters, please check your "Junk" folders. Your email provider should give you an option to add the email to your safe list.