Regional properties in Australia, does it make a great investment or stay away from it?

Property & Wealth Mastery: Unveiling Success with Zaki Ameer

That's a great question. 15 years ago, I had three properties in regional New South Wales because I was not very clear on my reasonings, why, and strategy.

I ended up short-selling it, probably four years out. I also recommend that clients hold on to real estate for at least 10 years. And the reason I sold out is because I thought they were a bad investment. I thought it was a bad investment because of other people's opinions, which is always a problem. Those three properties. Properties were bought for $100,000 each. I only needed a $10,000 deposit back then. Now I look back, those properties are worth $400,000. And so it's not about,

Yeah, it's only $400,000. It comes back to the return on investment. I only put $10,000 in to get a nearly $300,000 return. So, that's changed my view on regional properties. The most migration that's happening in Australia right now is in regional areas for migrants or skilled workers to get their permanent residencies, et cetera. So yes, I would buy in regional areas.

It depends on where you're buying, what's behind it, doing your research, what's driving it, the industries, the towns, the jobs, and resources. Look into that. Once you're sure that there's long-term or historic growth that's come behind it, plus there are tenants that have been there for a while, or you've got a minimum 12-month lease, I don't have an issue buying in regional areas. Areas in the last few years, we purchased in regional areas, and my clients have already done well from those properties.