Choosing an investment property
Choosing good communities to invest in takes a bit of research combined with local knowledge. Most investors are looking for:
- Plenty of amenities.
- Properties near public transport.
- Established areas that are growing in value.
- Properties in sought after areas where they can easily get tenants.
Inner-city suburbs usually tick all these boxes, but established properties often come with higher price tags, maintenance bills, and tricker yield calculations. However, urban renewal communities in desirable suburbs offer more affordable townhouse and apartment options for investors who are keen to tap into plentiful inner-city rental markets.
Well-located residential land communities are also an attractive option for investors, often offering attractive capital gains and providing quality housing to people wanting to rent in desirable communities. And many developments offer a range of property options for investors to choose from - houses, duplexes, triplexes, townhouses, apartments, student accommodation, units - and the list goes on!
The increase in the number of high-rise apartments in recent years has been one of the most notable shifts in the construction industry, offering investors affordable investment opportunities. Apartments have the added benefit of added security both for tenants and landlords. Bodycorp rules and often-times onsite property managers keep the standards high and an eye on what’s going on - which is an added bonus for many investors.
Buying off the plan is also an attractive option for investors looking at getting into the market at today's prices, providing an opportunity to build up their savings while their investment property is being built.