7 Common Mistakes First Home Buyers Make in Australia – And How to Avoid Them
Key Takeaways Not having a clear plan or goals can lead to rushed decisions and poor property choices Skipping market research results in...
Buying an investment property involves a different mindset than buying a home.
When choosing a suburb, you need to look at these 4 factors:
Factor #1 – Future Growth
You may not be able to predict the future, but you can look at certain indicators to get an idea.
Pricing pressure from suburbs closer to the CBD, income and population growth to name just a few
Factor #2 – Demographics
Knowing what your tenant (and future buyer) wants is vital.
That is why buying the ‘typical’ property for the suburb is crucial.
Factor #3 – Suburb Gentrification
This is a change of fortune for the suburb.
This may mean a change in the people who live there.
Increasing incomes, even the odd organic store popping up.
There are signs that you can watch for.
Factor #4 – Supply and Demand
How does supply and demand factor into your suburb choice?
As an investor you want renters, so making sure there is a healthy demand for the ‘typical’ property but not an oversupply will keep your property from being vacant.
Make a time to talk to one of our experts to find out just how far away you are to setting up your future now https://investorschoice.com.au/bookacall
Key Takeaways Not having a clear plan or goals can lead to rushed decisions and poor property choices Skipping market research results in...
Key Takeaways Multiple affordable properties provide greater diversification and higher rental yields than investing in one expensive...