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Why investing in poor areas isn’t always stupid

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Your Investment Property | 16 Apr 2013, 12:00 AM Agree 0
Many investors claim hell will freeze over before they purchase in a suburb where average incomes are low, but investing in so-called dodgy areas can have better results than you think
  • Greg | 25 Nov 2013, 04:18 PM Agree 0
    Sure there are good and bad tenants. But I can assure you some suburbs have higher concentrations of bad tenants than others.
    I know of three landlords with properties in troubled areas, and they’ve all had nothing but trouble.
    All I can say is if you’re going to invest in those kinds of areas, make sure your house is double brick. It’ll save thousands on painters and plasterers.
    As for that toothless tiger called the Tenancy Tribunal. Good luck! Even with the support from a professional collection agency you’ll be lucky to recover more than 2 cent out of every dollar.
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