The ‘better way’ to build wealth than property investing
Speculating on residential real estate is a national sport but Koda Capital financial adviser Sebastian Ferrando sticks his neck out to argue that it’s a wealth trap.
The cost of buying, holding and selling residential real estate makes property investment a wealth trap, and many Australians could be better off in US shares, which are positioned to keep outperforming.
That’s the view of Koda Capital financial adviser Sebastian Ferrando, who says he regrets owning three investment properties because of the widening gap in net returns on Australian property versus US stocks.
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