Scott Fraser has been an investor since the age of 21 and is the Chief Executive of the Investn Property Group
Where do you live?
I live in Sydney in an apartment with my wife and kids.
What property do you own?
The home we live in and at any one-time several projects that I am either working on, obtaining Development approvals for or homes under construction in South East Qld.
What do you love most about your home?
Being a 3 bedroom apartment, it’s not huge, but with small children, it’s nice all being together, as I am sure the kids will soon be of an age where they don’t want to hang out with their mum and dad. I love the proximity to shops so we can all walk there together. It’s not a super busy inner-city suburb and has mature trees and a great oval.
There is no golden time to buy property, buy property when you can afford to buy. And don’t just stop at just buying one propertyScott Fraser
The most memorable home you have lived in?
It’s always been the current home I live in, as it’s always exciting living in a new space and getting familiar with a new suburb.
Are you a keen or reluctant property buyer?
I’m a very keen buyer, always looking for opportunity and will always max out what I can buy with the deposit/ equity that I have.
How many homes have you ever bought and ever sold?
A lot, and a mixture of homes, investments and developments. I still get a massive buzz of excitement and fear for 24 hours when buying a property.
Highlights of your property journey?
Doing a development, as this has been my dream since a teenager with my passion for real estate and construction.
The stressful moments that can come from being a property developer, as you are constantly solving
problems to progress things to completion.
Becoming a property developer, as this has been my dream job since a teenager with my passion for real estate and constructionScott Fraser
Best property advice you’ve heard?
There is no golden time to buy property, buy property when you can afford to buy. And don’t just stop at just buying one property.
Worst property advice you’ve heard?
Waiting and hoping for the property market to crash to snap up a bargain. Timing the bottom of a property market is just about impossible to predict.
Tips for homebuyers?
Don’t get hung up on buying your dream home and having a 20% deposit for your 1st home, it ain’t going to happen. Plan on getting your foot in the door with either a 5% or 10% deposit for an investment property in a growth location/ state.
Future property plans?
Buying the worst house in the best street in 2020 and either doing a big renovation or knockdown and rebuild.