We’ve all heard lots of advice about property investing but there are a few common phrases that keep coming up and recently I’ve had a bit of time to reflect on them.

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It would seem that there are many clients who are still wary about buying ‘off the plan’.  This seems to come largely from a number of developers who were unscrupulous during the boom period prior to the GFC.  By and large, the GFC has flushed out the unsavoury operators.  The businesses that were able to withstand the assault of the GFC, especially in the construction industry, for the most part, were good businesses prior and are still strong businesses today.

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“9 years ago I took the plunge in buying my first Sydney property, a modest 2 bedroom apartment in Alexandria. I remember procrastinating for at least 2 years before I made that decision, thinking I didn’t have enough deposit and coming up with all sorts of excuses.  In 2012, I sold the apartment, but I regretted delaying the decision to buy as all my fears back then turned out to be completely unfounded.  If you’re looking to buy your first home and you have some doubts, I suggest you talk to the experts to get a different perspective and to demystify potential misconceptions.”

                                                                                                                             – Chen, aged 40

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