The discussion opens with the sense of urgency many feel to purchase property, with Tran warning that rushing into the wrong investment can lead to financial strain.
He highlights the strategic balance between buying owner-occupier homes and investment properties, suggesting that regional purchases can help build capital for pricier metropolitan markets.
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The conversation also debunks a major myth: Investors no longer need at least 10 properties to retire, especially as lending restrictions have tightened since 2018.
Instead, Tran notes that a portfolio of three to five quality properties can be more sustainable, achievable, and aligned with lifestyle goals.
Building such a portfolio requires understanding borrowing capacity, managing equity wisely, and avoiding overcapitalisation.
Due diligence remains critical, with investors urged to assess risks like flood zones, bushfire areas, and unapproved structures using resources such as council websites and title insurance.
