Suburb selection


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