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Ever thought about how rising costs of construction can impact your property investment? Brace yourself for a deep dive into the world of property investment with our expert, Stuart Wemyss. With a keen focus on construction costs, we unravel the layers of how a 5.3% p.a. increase from 1966 to 2023 can influence the building value of your property. Together, we'll decipher how these escalating costs are balanced against inevitable factors like depreciation and maintenance. Grasp the golden rule - for a property value to double every decade, the land value must appreciate by 10%. This episode will empower you with the knowledge to make shrewd investment decisions.
We shift gears to discuss the crucial role of land value in property investment. Unearth the secrets of why investing in prime land can yield higher returns. Stuart teaches us the pitfalls of being swayed by short-term performance and why placing your bets on the underlying land value can be a more profitable strategy. Join us as we untangle these complex threads and equip you with actionable strategies and tips to navigate the realm of property investment. With this episode, we promise to arm you with insights to build wealth through property like a pro!
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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.