NEVER buy these 5 types of property

All property investors should NEVER buy these 5 property investments! If you're considering property investment in Australia, it is easy to fall for these common property investment mistakes.

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Biggerockets podcast inspired my version of this video on property investment mistakes in Australia (the content is brand new). But I've gone into a lot more practical examples than Biggerpockets.

Firstly, restricted zoning property is a bad property investment because it limits the type of rental property tenants and re-sale. The limitations can include short-stay only real estate or Australian properties that are only for people over 55.

Then lending blacklisted property is a common property investment mistakes because banks won't lend to buyers who want to purchase the property investment off you. These lender restrictions can include apartment sizes, car bays, regional areas and powerlines.

Large apartment complexes that are older with lots of amenities can be a money pit for property investors. It's common to reduce strata costs by dropping the maintenance budget. This is a ticking time bomb for new property owners. Also, there is very little land value, so it's unlikely the complex's land value will ever outstrip its improvement value.

Biggerpockets does touch on this, but ALL property investors in Australia should AVOID middle-man introduced investment properties. They are paid to SELL you property investments and aren't looking out for the investors best interest.

Finally, overcapitalized is a common mistake in real estate. Always think of the worst house in the best area. Consider buying rental properties below or at a suburbs median house price unless you're paying a premium for land, to landbank.

Now you know the types of property you should NEVER buy and can avoid these property investment mistakes.