Canna Campbell
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Appearances Over Time
Podcast Appearances
It very quickly adds up.
If you aren't getting the price that you want, perhaps you thought it was worth more than what you originally estimated, that can be a bit of a root shock.
You've got to hold out for that price or
may not even get it at all.
And there's the holding costs, which we touched on already.
There are a lot of risks.
I could probably sit here all day talking about the risks and being in between tenants, the wear and tear alone, even the special strata levies.
I think I've shared with you about what happened to Tom and I. I'm talking a significant six-figure
And not a low six-figure.
You'd kind of want to vomit.
And it was exceptionally stressful.
And it still is actually exceptionally stressful because the problems are still going.
And the apartment was unlivable.
It literally had to be deconstructed.
As I've said, whenever I go for a walk around that area, there are so many apartment blocks going through now what we went through.
Scaffolding all the way through, tenants, everyone's had to move out of the building.
We saw what happened with that horrendous apartment block in Homebush.
People can say, sell all the clothes.
In fact, I remember someone saying to me, you should sell all the clothes off your back just to get into property.
It's the only way you can make money.