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Housing booms have seen many make their fortune, but getting it wrong can leave investors with homes worth hundreds of thousands of dollars less than they paid for them. A finder.com.au survey of 1043 Australians shows an average loss of $106,104 through property investment failures.
This article highlights the importance of diversification and explains the ramifications of bad investments that lead to bankruptcy. Negative equity is a high probability if you don’t know how to structure your investments properly.
