The Property Couch 575 | Ray White Refused to Sell My Property, A $30K Loss & Getting Sucked in With the Sparkles - Chat with Alannah
Dec 4, 2025
Alannah Jane Bazzina, a young property investor, shares her journey of entering the market at just 19. She recounts her costly lesson after purchasing an off-the-plan apartment that turned into a financial burden, including dealing with tenant damage and poor management. Alannah highlights the importance of recognizing dubious advice and the emotional toll of financial decisions. Now, with renewed confidence and a strategic approach, she emphasizes learning from mistakes, using professionals, and making informed decisions in property investment.
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Early Purchase In Werribee South
- At 19 Alannah bought an off‑the‑plan one‑bedroom in Werribee South after her dad encouraged the project and a 18–24 month settlement suited her timeline.
- She accepted a $30,000 rebate (cash) instead of a $36,000 jet ski and settled in 2018, later living in it then renting it out.
Location Carries Most Value
- Location does most of the heavy lifting for property performance; a one‑bedroom apartment far from demand centres struggles to attract buyers and tenants.
- Emotional excitement for a project can blind even numerate buyers to the relocation and amenity realities.
Tenant Damage Then A Reliable Tenant
- Her first non‑family tenant caused severe damage: cigarette burns, ruined floorboards and unpaid final rent, creating repair costs and stress.
- A later reliable tenant paid on time but the apartment's holding costs and body corporate still eroded returns.
