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30 (Part 1) | Five Golden Rules of Property Investment in Australia - Chat with Peter Koulizos

The Property Couch

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The Value in Real Estate Is in the Land

The value in real estate is in the land. You need to make sure that when you're buying a property, the vast majority of your funds are going towards the land component. And it doesn't mean a big block of land. Like a small block in Turak in Melbourne, let's say a 200 square metre block in Turk will sell for more than 1,000 square metre block. The home might have some character appeal about it, and that pushes it that little bit lower. So I'll go as low as 60 because in some really blue chip areas in Melbourne and Sydney, you've got it. Yep. It's past one of those ticks, hasn't it? Yeah

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