When your investment property fails to deliver the returns you so eagerly awaited, you need to decide what to do with it. Do you sit on it for a while longer, or sell it and move on?
Firstly...
- Figure out why the property is underperforming
- Revisit your investment strategy
- Rethink choice of suburbs and type of property purchased
Then try not to get too emtional when assessing investments - if the property is not performing, sell it and move on.
Read full article How is your investment performing: is it time to sit or sell?
Peter Gianoli
Peter is widely recognised as one of Australia’s foremost property marketing experts and joined ABN Group in 2011 to establish Investor Assist. Peter has more than 15 years of experience in the property industry working across some of the country’s premier development projects and throughout his career has overseen the sale and settlement of properties worth in excess of $1bn. Peter is also a highly sought after public speaker and has educated audiences throughout Australia and around the world on topics including property marketing and investment.