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