Buying and investment property
- Suburb – Look for areas where high growth is expected, so there is potential for capital gains. Ensure public transport is easily accessible and the neighbourhood is safe.
- Rental yield – Look for areas where rental return is high in relation to property value.
- Vacancy rates – Find out about the vacancy rates in the neighbourhood. A high vacancy rate may indicate a less desirable area, which could make it harder to rent the property out, or sell it in the future.
- Planning – Find out about proposed changes in the suburb that may affect future property prices.
- Things like new developments or zoning changes can affect the future value of a property.