Achieving financial freedom is a goal for many Australians. And while there are many different ways of getting there including investing in shares and business, a lot of Australians like to build their wealth through property.
That’s because “bricks and mortar” is a tangible asset – you can see and touch your asset, unlike shares. And while property is more expensive, you can use leverage to maximise your returns.
However, to build wealth through property, you’ll probably need to assemble a portfolio with multiple properties. That takes time, patience and a solid plan. For as Benjamin Franklin once said, “If you fail to plan, you plan to fail.”
So here’s a guide to building wealth through property.