Performance Property Data

“These types of decisions can impact you more than just financially.” Sharon is joined today by IT professional, David McCracken. Having been investing in property since he was 23, David has a lot of experience with the market. However, he brings with him today not a story of success, but rather a tale of what not to do. David had toiled hard to build up a property portfolio based entirely in Victoria. With land taxes rising and identifying a need to diversify, in 2011 he bought a few property reports that led him to consider Gladstone in Queensland as a potential market. However, he didn’t buy there until 2012, meaning the data he had used to make his decision was at least one year old. But he had already set his mind to buy there, and didn’t really reconsider or reevaluate this decision. At the time Gladstone had a booming local economy due to gas-related projects on the way. Vacancy was basically 0%, rents were sky-rocketing, and it was typical to wait two hours for a meal at the local pub.  David bought t