This is the second of three properties which PROPERTYOLOGY is assisting Queensland based couple Rob and Megan purchase at this point in time.
Just as an astute share investor would look to diversify their portfolio to minimise risk, as we assist our clients build and grow their property portfolios, we look to minimise risk through diversification.
The first property we assisted Rob and Megan purchase, which settled just weeks ago, was a 3 bedroom, 2 bathroom home in a regional location with an economy primarily driven by construction, agriculture and health.
This low maintenance 3 bedroom, 1 bathroom home is located in an equally exciting regional location in a completely different state, which has an economy driven more specifically by education, tourism, retail and mining. For the record, neither are in Western Australia.
Again, similar to a share investor, as a property investor, you would not be making the most astute decision to ‘put all your eggs in one basket’. By investing in several strategically selected locations, Rob and Megan have now ensured that they are not over exposed to any single economic industry. They have also ensured that they are not over exposed to any one state government. Good, or popular state governments, drive business and consumer confidence. Confidence at local, state and federal levels is an important factor in driving property markets. Ultimately however, trust and support of politicians can change quickly and by investing in properties across multiple states, Rob and Megan can be confident they are truly diversifying their portfolio.
Congratulations again Rob and Megan!
Even though this particular property has only just settled, our team have already secured the third property for this stage of Rob and Megan’s formal Property Investment Strategy.
For the record, the third property, scheduled to settle in the coming weeks, is located in a city in a different state again and has an economy driven by business services, science, agriculture and transport.