Leveraging equity for lifestyle
Though often considered an illiquid asset, there are ways property can be leveraged to free up funds for important personal investments.
Investor and mortgage broker John Afendulis joins host Grace Ormsby on this episode of The Smart Property Investment Show to discuss when it makes sense to sell or refinance, either to enhance a portfolio or provide for the lifestyle an investor would like to lead.
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John shares some of his experience assisting clients in leveraging equity for various purposes, from renovations to holidays, highlighting the benefits of property ownership beyond mere capital growth.
The conversation also touches on the emotional aspects of buying an owner-occupied property and the importance of maintaining objectivity in suburb selection. John stresses the significance of capital growth in both investment properties and principal place of residence, revealing his willingness to invest in cosmetic renovations to enhance property value.
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