What to look for when investing in property

Location – One of the key factors of an investment property is location. The best location is one that is close to transport, education facilities, shops, medical facilities and entertainment facilities, such as restaurants and cinemas.

Potential urban development – areas where councils or developers plan to add new facilities are also good options as that will make those areas more popular in the future also.

Budget – Your maximum purchase amount and ability and willingness to repay will play a large part in narrowing down your options of what areas and what type of property you can buy.

Units vs Houses. - Many investors have been told different things in terms of what makes a better investment – unit /townhouses or houses. In general either can work - units tend to have a higher rental return but lower capital growth than houses. Houses also have greater flexibility to upgrade and develop than units but are relatively more expensive in the same area.

New vs Old
There is often debate about whether to buy an older or a new property. In general, newer properties are more expensive. But there should be less repairs, higher rent and higher depreciation allowances than older property. 
 

Contact your nearest Resi branch today or find the most suitable home loan for your needs.

____________________________________________________________

 

Resi Home Loans offers an ideal range of home loan and home mortgage products to suit your every need. To find the best home loans for you, check out our mortgage calculators and our current home loan rates today.