‘Not a strategy’: Expert’s blunt warning to Adelaide investors

Propsavvy buyers’ agency founder Cory Harding has a warning for investors. Picture: Instagram. Prospective buyers are being urged to avoid purchasing an investment property in one Adelaide suburb just because they’re attracted to its land size. Propsavvy buyers’ agency founder Cory Harding says purchasing a property in Munno Para as an investment property simply because it was on a large block was “not a strategy”. He took to social media to warn people against the move after receiving many messages asking for advice. “Please, for the love of god, do not buy an investment property in Munno Para,” the Adelaide-based buyers agent said in his video. “I get so many DMs (direct messages) of people asking me whether or not I should buy in Munno Para, like ‘I want land, I want to buy land because it’s land that grows’. He took to social media to urge prospective investors to be cautious. Picture: Instagram. He said there is more to consider than just land. Picture: Instagram. “Buying a house because it’s on a big block of land is not a strategy guys, it doesn’t mean that it’s more likely to grow. “It doesn’t matter whether or not its on a big or small block of land, it all comes down to t...