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'Investors should only buy new' - five property investment myths exposed

The world is full of advice on how best to invest in property but many supposed nuggets of wisdom are merely myths that need debunking.

Myths vs facts words on dices. 3D render illustration.
Sorting the facts from the fiction: some myths about property investing could prove costly to home buyers and need to be dispelled. (Image source: Shutterstock.com)

Investing in property offers investors a chance to build wealth; nevertheless, it’s crucial to be cautious because misleading and deceptive information is prevalent, potentially leading investors astray.

Common myths and potentially dangerous advice on property investment abound, and we point out five of the most prevalent misconceptions

Myth 1: Only wealthy people can invest in property 

Having cash is helpful when purchasing an investment pr…

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