My $150,000 Mistake
In 2016, my wife and I made an emotional decision to build a brand new home for our family on the Sunshine Coast in QLD.
We thought we were going to live in the home long term, but after a year we decided it wasn't for us.
It's a good home but we made a few property investment mistakes:
- Buying with our hearts rather than our heads.
- Over capitalising on the build.
- Buying a piece of land less than 600m2.
- Buying in a regional market and in a brand new estate.
- Building across the road from a high rise.
Recently, we decided to sell the property, but after a couple of months, we realized the market has changed and prices have declined by over $150,000 in the street.
In this video, I share the lessons I have again learnt the hard way.
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