When purchasing an investment property, the goal is usually to make money. Most purchasers would not care as much about proximity to places like work, which is more important when looking for a home to live in.
Owning property in Australia is a popular choice for many people because it’s seen as one of the best ways to invest money. But investing in property isn’t without its risks, so it’s always good to be careful before you jump in. Think carefully about why you’re investing in the first place and what its benefits may be for your own circumstance.
Investing in real estate can be an overwhelming decision, but an investment property will provide you with a lifetime of security and cash flow. This guide will help you find the right investment property for you and your family. From tips and checklists to help secure the right property to information on the process, this guide is for you.
How to identify prime location?
Location is crucial to getting a good investment property. If you choose wisely, you can expect higher returns from your investment.
A few things to consider:
- You can expect high interest in the property if it nearby a school, Train station, Playground, Café and shops in general.
- Avoid properties that are located in areas where a single industry dominates. If the industry does poorly, your property may also suffer, which is not good.
- The best place to buy is an area experiencing population growth. More people means more homes and workplaces, and this attracts more new residents and businesses.
- Many people want to live near a major city, and it’s no surprise that these close-in suburbs are often more expensive. To find the up-and-coming places likely to appreciate rapidly in the coming years, compare the selling prices of similar houses in different neighbourhoods.
So, we want to buy an investment property. Where do we start? What areas should we invest in? Where can we find Best Property Investment Suburbs in Australia that are affordable and have a 5%-plus rental yield? These are the toughest questions that come up when investing in real estate and if you’re researching these questions, it’s no joke.
By sorting and applying the relevant filters, you will be able to find the suburbs with the following information: Type of demographics, median price range, properties with most rental yield and improved capital value.
It is one stop shop to find all the valuable information to kick start your investment in property. You can find best suburbs for property investment in Brisbane, if you like to buy locally or you can pick and choose another location.
Would you prefer capital growth or cash flow?
Cashflow is about having more money in your pocket at the end of the month than you have going out. Make sure your rental returns are higher than your outgoings, including mortgage payments.
What should you do to make sure your property will increase in value? Capital Growth requires for you to buy a property that will produce above-average increases in value over a long-term period.
On average, investment properties in Australia with higher capital growth usually have lower rental rates. However, those with high rental rates are often found in the country or smaller towns. These areas’ long-term capital growth prospects are lower than those of areas with less investment properties because people may be less willing to buy property in these regions.
Looking to invest in property? HtAG® website will help you find the best suburb based on the criteria you defined. Their website presents property market data in a concise, structured format to help it easy for you to discover the right suburb.