Land, diversity key to building a successful property portfolio
Financial independence based on property usually requires at least three productive assets in a portfolio, but a few tips need to be followed to achieve that goal.
Buying the right block of land opens the door for higher density developments and boosting property portfolio returns. (Image source: Shutterstock.com)
Around 2.2 million Australians own an investment property. Of these, the majority (70 per cent) own just one.
The reality is that financial independence can’t be achieved by owning one investment property. While everyone has different needs and definitions of financial independence, for most people they are going to need at least three or more properties to attain financial independence.
Only a small minority (10 per cent) of property investor…
