Guest Blog: Selecting your perfect investment property

By the resi financial blog team, 04 April 2014

How do I choose the best investment property

Before committing to an investment property, consider the following factors that can impact the success of your investment

Overall investment goals

There are many different ways to invest in real estate, from single family homes to industrial buildings. It is therefore important to consider your investment goals when choosing which suburb and property to invest in. Your investment goals will also help you decide how much you are willing to spend and whether you are willing to consider properties interstate or if you are looking for local properties you can manage yourself. 

Demand

It is important to consider the demographics of the area you intend to invest in. Are you targeting young couples, families or students? This will give you a good indication of the type of properties you should be looking for. Young couples will probably be looking for units close to major cities, while families are often looking for houses in the suburbs that are close to schools and other amenities. 

Tenant friendly

To ensure your investment property is tenant friendly, it is important to consider how close your property is to amenities such as public transport, schools, shops and cities. If the area you are looking to invest in has a number of these amenities close by, it is probably going to be leased quicker and stay rented for longer, helping you reach your investment goals sooner.

These considerations will give you a good indication of the suburbs and properties you should be looking at in order to achieve your desired investment outcome. Once you are clear about the type of property, the area you are interested in, and what you are able to afford, you're ready to get out there and find them.

 


Disclaimer

The content of this newsletter has been produced by Sterling Publishing Pty Ltd ABN: 92 126 853 085. The information has been prepared without taking account your objectives, needs or financial situation. It does not constitute financial or legal advice. Before making a decision on any products, you should consider your individual financial objectives, needs and circumstances. All details are current as at December 2013.

Categories: guest blog, property investment