Where Should My Investment Property be Located? Avoid Poor Neighbourhood aesthetics Any investment property needs to be appealing the tenant to live in. The look and feel of the location, as well as the community and crime rates will have an impact on the overall performance of the property, how rentable to property is, and… Read more
Where Should My Investment Property be Located? Avoid Poor Infrastructure Localised issues can have a large impact on the performance of your property. Things like large overhead power lines can have an impact not only on your tenants health, but also the way the bank views your property, and the likelihood of you getting a… Read more
Where Should My Investment Property be Located? Avoid single Industry Locations Single industry locations, in particular mining or defence towns, are risky investments. This is due to the potential for the employment hub – whether this be a mine of defence force base – to close down. This will diminish the rental pool, causing your… Read more
Where Should My Investment Property be Located? Avoid Small Towns Small towns with less than 100,000 residents within a 20km radius, and a lack of population growth, are not recommended as areas to invest in property. A smaller population means a smaller rental pool, and less demand for purchase should you need to sell your… Read more
Where Should My Investment Property be Located? Avoid a large percentage of rental properties An area which already has a large percentage of rental properties already will have a lot of competition between landlords, as the supply is larger when compared to the demand. This can mean that landlords may lower their prices to differentiate… Read more
Where Should My Investment Property be Located? Avoid mainstream hotspots By the time you hear about the places that have strong capital growth, it’s more than likely that the location is already reaching its peak and will plateau soon. Instead, look for areas which are well set up for growth in the near future, such… Read more