There are many myths and misconceptions thrown around when it comes to property investment. Believing these property investing myths and making purchasing decisions because of them can increase your exposure to risk and affect your ability to build a profitable and sustainable property portfolio. So here are some common property investment myths that you need to be aware of in order to help you plan a successful property investment strategy.

Property investors aiming for long-term tenants and favourable rental returns must ensure their investment property appeals to local tenants. Enhancing the property's appeal and boosting rental income can be achieved by investing time and resources into its presentation and upkeep. This approach is likely to yield a favourable return on investment over time.

Ahead of the Reserve Bank's board meeting on Tuesday, economists have offered their views, often understandably equivocal, on the outlook for interest rates:

Acquiring property off-the-plan involves committing to a purchase agreement before or during the construction phase, allowing you to review the design and architectural plans, though you will not be able to inspect the completed property until the construction is finalised. Many individuals opt for off-the-plan purchases with the expectation that the property's value will increase upon completion. It stands to reason that entering into a contract to buy a property at current market prices should result in a higher value once construction is finished, typically within one to three years.