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Investing in Carnegie Real Estate? Consider These Factors

By Matt Hurlston

If you're considering investment real estate in Carnegie, Oakleigh or Bentleigh, the latest findings from Master Builders could be of interest, while professional property management can help bring in a maximum return on investment.

The Survey of Industry Conditions for 2013's final quarter was released on February 19 by Master Builders.

Its findings relate to consumers' decisions related to new home building. However, they could be useful for investors who are looking for ways to appeal to a broad pool of tenants.

Liveable design and outdoor living were two highly important factors for consumers when selecting a builder, according to Master Builders Deputy Executive Director Paul Bidwell.

Carnegie real estate possessing such features could also attract more tenants.

Choosing the right property to invest in takes thorough research, however it's worth the time in order to obtain comfortable rental yields. Gross rental yields in Melbourne for houses were 4.29 per cent during the December quarter and 4.61 per cent for units, according to the Australian Property Monitors' Rental Report: December Quarter 2013.

Purchasing a property that has attractive outdoor living space or a well-kept balcony may attract families and couples looking to rent. 

Likewise, a home that's easy to live in with ample space and storage could be a wise investment.

Call Matt Hurlston at Ray White Carnegie if you want to discuss property management services or investment opportunities in this thriving Melbourne suburb.

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