Property investors should adopt a Warren Buffet-style buy-and-hold approach to maximise their profits, according to one of Australia’s leading property investors, who presides over a $1 billion portfolio.
Damian Collins, who invests on behalf of clients at his Westbridge Funds Management and Momentum Wealth firms, said it can take investors a decade to break even after selling one property to buy another, compared to maintaining the original dwelling.
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