Property can be a core pillar of long-term wealth—if you focus on strategy over headlines. Here are proven approaches that stand the test of time.
1) Buy quality, hold long
- Location first: Transport, schools, amenities, employment hubs.
- Liveability matters: Floor plan, natural light, storage, outdoor space.
- Avoid “shiny traps”: Focus on substance, not gimmicks.
2) Leverage smartly
- Use offsets to stay liquid: Keep an emergency buffer while reducing interest.
- Consider split loans: Balance certainty (fixed) with flexibility (variable).
- Review often: Reprice or refinance to keep your rate competitive.
3) Add value (manufacture growth)
- Cosmetic upgrades: Paint, lighting, landscaping, kitchen/bath refresh.
- Functional improvements: Storage, floor plan tweaks, energy efficiency.
- Know the rules: Approvals, strata limitations, and cost vs. value uplift.
4) Keep a tax and structure lens
- Depreciation schedules (where applicable).
- Ownership structures: Individual, joint, or trust—seek advice.
- Record keeping: Rent, repairs, interest, and improvements.
5) Maintain discipline
- Budget for the boring stuff: Rates, insurance, maintenance, vacancies.
- Diversify over time: Spread risk across locations or property types.
- Play the long game: Ignore noise, stick to your plan.