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First-timers give areas faceliftRenewed interest in property on the part of first-time buyers is spurring wholesale upgrading in areas that had become run down or neglected.Upmarket not always best valueInvestors and homeowners who shunned older, lower- to middle-income areas in favour of luxury, upmarket suburbs may have lost out on some spectacular capital gains last year. By Joan Muller7 most common and potentially costly mistakes landlords make Owning rental property can be a powerful wealth-building tool, but it’s not without its challenges and the key to success is to be informed and prepared.