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More time spent planning holidays than on property investments

Writing exclusively for API Magazine, Damian Collins, Managing Director of Momentum Wealth, looks at why property investing without a plan is a recipe for failure.

Planning an overseas trip with an Australian passport, cash and note book.
Planning is the passport to success when it comes to property investment. (Image source: Shutterstock.com)

Australians are known for two great passions – a love of property and a love of travel.

The irony is that before we head off on a long journey, we typically plan ahead by working out the costs, drawing up a spending budget and mapping out what we will see and do. It makes the experience more enjoyable and less stressful.

Yet when it comes to our property journey, I am continually surprised at how many people jump into the market without any s…

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