Small changes put more money in your pocket
There is a myth that perpetuates in property that the best areas for capital growth are only found close to the city. Well let's have a look at the long term trend for some inner city areas of Brisbane.
A $400000 property with an average growth rate of 8% will grow to approximately $755,000 over 10 years.
A $400,000 property with an average growth rate of 10% will grow to approximately $907,000 over 10 years. That's a $152,000 improvement for no more outlay.
Investing with your heart and not your head will limit your opportunities.