Everyone likes to think they know their own neighborhood: As a result ‘home bias’ is a major issue among property investors. For first-time investors the issue is acute: The first steps into property would be even more daunting if the investment was in a distant city. But staying at home - especially in Melbourne - may just mean missing the best opportunities.

In today’s show, we cover :

Making sure you are not being dudded by the body corporate
Buying interstate - the pros and cons
A cool response to making changes on Capital Gains Tax
Where are exiting property investors putting their funds?

James Gerrard of www.financialadviser.com.au joins Wealth Editor James Kirby

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Should First Time Property Investors Venture Interstate?