Why investing in new land estates is a bad idea
Perth-based property investment and development expert Trent Fleskens takes us through why investing in new land estates is an often ill-fated strategy.
We all hear how new cars lose about 20 per cent in value the second we drive them out of the dealership. However, a large percentage of us still buy cars new, understanding that they are heavily depreciable assets, which is the first sign of a bad investment.
We do this because we don’t see a vehicle as an investment, rather a lifestyle choice or necessity.
There are ways to justify it beyond dollars and that is a personal choice. I don’t agr…