Smart Investing

Why to buy

Ask yourself first – What’s your personal financial goals? Not many people know the answer to that question… you need to know and understand what it means to you. If you don’t know where to start then start here:

What to buy

Attractive features - Look for investment properties that will appeal to as many people as possible, like a second bathroom, lock up garage or nearby shops, schools and transport. 

Wide appeal - Find a property that will attract more than one segment of the rental market such as singles, couples, young families or retirees. 

Low maintenance - Keeping costs down is important, older homes or those with features such as a pool or extensive landscaping may cost more to maintain. 

Property type - Units can be easier to maintain than houses, although you will have to pay body corporate fees. 

Where to buy 

Familiar markets - Consider buying an investment property in an area you are familiar with as it will take you less time to research. Check recent sale prices in the area to give you an idea of what you can expect to pay for local properties. 

Growth suburbs - Look for areas where high growth is expected, where there is potential for capital gains.  

Rental yield - Look for areas where rents are high compared to the property value. 

Low vacancy rates - Find out about the vacancy rates in the neighbourhood. A high vacancy rate may indicate a less desirable area, which could make it harder to rent the property out, or sell it in the future. 

Planning - Find out about proposed changes in the suburb that may affect future property prices. Things like new developments or zoning changes can affect the future value of a property.

 Compare your research 

 Now Start your research – Look on websites to and start looking….

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