Easy de­ci­sion to spend his su­per at home

Herald Sun - Property - - NEWS -

DE­SPITE con­sid­er­ing an in­vest­ment prop­erty in­ter­state, Mel­bur­nian Tony Marsan ended up buy­ing in Reser­voir.

“I was look­ing to buy an in­vest­ment prop­erty with my su­per fund,” Mr Marsan said.

“The com­pany I was go­ing through first came to me with a prop­erty in Queens­land.”

Mr Marsan said while the com­pany pre­sented him with plenty of in­for­ma­tion and pro­jec­tions for the prop­erty, the Sun­shine State wasn’t for him.

“I just wasn’t com­fort­able with it,” Mr Marsan said. “I don’t know the Queens­land mar­ket, I’m not read­ing the lo­cal pa­pers ev­ery day and I wasn’t com­fort­able putting my money in an un­known mar­ket.”

The com­pany then came back to him with a prop­erty lo­cated 25km from Ade­laide.

“Again it just didn’t sit com­fort­ably with me,” Mr Marsan said. “So I said to them I wanted to look at prop­er­ties in Mel­bourne.”

That’s when Mr Marsan con­tacted Ad­van­tage Prop­erty Con­sult­ing direc­tor Frank Valen­tic about in­vest­ing lo­cally.

“Frank agreed with me that it was a good op­tion to in­vest in an area I was fa­mil­iar with,” Mr Marsan said.

“He said there were ar­eas of Mel­bourne where there was go­ing to be plenty of growth.

“Af­ter Frank had showed me a num­ber of prop­er­ties I knew the Reser­voir town­house was what I was af­ter.”

Mr Marsan had one piece of ad­vice for other in­vestors : buy where you know.

“I ab­so­lutely think you should buy in a mar­ket you know, where you feel com­fort­able,” he said.

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