Choosing an investment property

Property investors would love to be able to buy in an area before it becomes “up and coming” in order to buy cheaply and reap the benefits of a subsequent increase in property prices. There are certain indications that a suburb may boom, but none of them are set in stone – you can never be sure.

Check the area for the following:

• Does demand, for whatever reason, exceed or apparently exceed supply?
• Is the area’s increase in price significantly greater than the region as a whole?
• Does the area have low prices, which are expected to rise in the near future?
• Are neighbouring areas experiencing good capital growth?
• Are there positive developments happening in the area (e.g. a new railway or arterial road to the city that will impact positively on capital gains?)

Contact one of our experienced real estate agents today to see how we can help you with your investment property needs – 9571 6777.

This article courtesy of the Real Estate Institute of Australia