Arnold
CibbuanoWhere to Buy Investment Property
May 9th 2006 02:55
If you are purchasing a property as investment, you should be able to take a lot of the emotion out of deciding where and what to buy.
If you want to maximize your capital growth potential, a key step is to purchase in an area with investment growth trends. Furthermore, you should be aiming to invest in areas that have a high level of growth, sustainable growth prospects as well as signs of growth stability. Property experts recommend that suburbs located up to 10 kilometres from a city’s CBD is likely to be within a growth area. A good idea is to get a regional map, identify properties for sale within a reasonable distance from the CBD and visit the area to see what amenities and lifestyle is associated with in the suburb. Since an investment property is going to be rented, it’s a good idea to consider the rental aspects of the property. Try to identify the requirements of a typical renter in the area and decide what features they would desire in a rental property.
Some universal features renters tend to like are good access to transportation, shops and leisure facilities. Some other things to consider specifically related to the property are bedroom sizes, off street parking or secure parking facilities, bathroom features such as a bathtub, kitchen facilities, enclosed yards, laundry facilities and storage spaces. From an investment perspective it is important to select a property which will be attractive to renters are this will ensure ongoing returns and tenancies.
To help identify growth areas, a good idea is to visit Propertyvalue.com.au and purchase one of their Investor Report: Buyers Guide to Australia’s Top 100 Suburbs. This report compares the top 100 suburbs in each State and helps you identify investment areas with charts, heat-maps and statistics. There is also data predicting expected capital growth over the next 12 months, rental values and rental returns. Check it out, the information is good value.
Whilst property about the CBD is considered a good investment option, prices are not always within peoples price range. This means investors have to look further afield to identify potential growth potential. As Australia’s large cities continue to expand buying further from the CBD is not necessarily a bad idea, particularly if you don’t have the capital for property. Follow the same principles outlined above and you’re bound to be making a sensible investment choice. Within Greater Sydney, new regions such as Paramatta are cropping up as secondary CBD’s, properties around theses areas are much cheaper than what is available closer the central Sydney, yet still offerin great capital return.
Some universal features renters tend to like are good access to transportation, shops and leisure facilities. Some other things to consider specifically related to the property are bedroom sizes, off street parking or secure parking facilities, bathroom features such as a bathtub, kitchen facilities, enclosed yards, laundry facilities and storage spaces. From an investment perspective it is important to select a property which will be attractive to renters are this will ensure ongoing returns and tenancies.
To help identify growth areas, a good idea is to visit Propertyvalue.com.au and purchase one of their Investor Report: Buyers Guide to Australia’s Top 100 Suburbs. This report compares the top 100 suburbs in each State and helps you identify investment areas with charts, heat-maps and statistics. There is also data predicting expected capital growth over the next 12 months, rental values and rental returns. Check it out, the information is good value.
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