Have prospective investors missed the Perth property market boat?
API columnist Terry Ryder says those who follow the herd when identifying a property investment location will probably miss the boat when it comes to building a profitable portfolio.
Mandurah, in Perth's south, is among six suburban areas to have recorded annual capital growth above 20 per cent. (Image source: Shutterstock.com)
One of the truisms of property investment is that if everyone in the news media is telling you an investment location is hot, you’ve already missed the boat.
Unfortunately, one of the characteristics of Australians who invest in real estate is they tend to be herd animals.
They dive into property investment when they hear or read in news media that there is a boom happening – and so they want to be part of it.
They have serious FOMO – Fear of …
