Properties with development potential make the best investments
Investing in a property with development potential can have less risk and greater upside - whether you intend to develop it or not.
Value-add opportunities can stoke rapid price growth. Image: Property Analytics (Image source: Shutterstock.com)
If you purchased an investment property in Melbourne at the beginning of 2020, you would have seen its market value decrease by more than 10 per cent in the space of a few months.
Good news though, its value is now probably back to what it was when you purchased it.
Because of stamp duty and selling costs though, you’d lose tens of thousands of dollars if you sold it today.
Assuming your financial circumstances haven’t changed dramatically y…
