The key to investment success has nothing to do with how your home looks and everything to do with who’s living in it.
Reliable tenants are the key to making sure your investment pays dividends but how do you find great people to rent your home?
The first step is choosing a property that’s attractive to your target audience. Ask yourself these important questions:
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Does the property have all the amenities a high value tenant can reasonably expect?
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Is the property close to public transport?
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Are there community amenities and shopping centres nearby?
If you wouldn’t want to live there then don’t expect that anyone else would.
The second thing to consider is whether you can ensure a good return via capital gains.
Here’s what to look out for before you buy:
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Planned infrastructure and government spending in the area
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Trend data that indicates the suburb will be increasing in demand
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The trajectory of prices in your area. You want to see prices going straight up.
The longer you can hold onto an investment property the more likely you’ll achieve significant returns.
If you have any questions, I’m here to help. Reach out and let’s talk.
My Very Best To You Always,
