3 Key Criteria for Your Next Investment Property
With borders re-opening, more people are planning to come to Australia and some have already arrived. Domain data shows that enquiries from overseas are already on the rise. SQM research also shows that more people will prefer flatting next year, as they
With borders re-opening, more people are planning to come to Australia and some have already arrived. Domain data shows that enquiries from overseas are already on the rise. SQM research also shows that more people will prefer flatting next year, as they are more affordable than detached homes and new migrants tend to prefer them. The vacancy rate in the rental market is also likely to reach a new low.
For investors, wealth growth depends on rental income or capital gains, and these depend on the popularity of the property's location among tenants and buyers. In this article we give you 3 key criteria that should be on your checklist when selecting a location for investment.
Commuter friendliness & convenience of living
A 2017 study by RMIT University showed that the average urban worker in Australia commutes 66 minutes a day, therefore properties surrounded by a variety of public transportation options such as train stations, metro stations or bus stops tended to be more in-demand. More convenient public transport options mean higher consistent occupancy and rental returns.
Growth Area
With dwelling prices at all-time high, purchasing a property near a CBD is challenging. In which case choosing an area with high growth potential may be your way out. A spike in population growth can drive economic development and provide employment opportunities, and a diverse industrial mix - meaning that when one sector goes into crisis, the whole area is not affected as much.
Safety & aesthetics of life
That includes low crime rates, sound recreational areas, community spaces and so on. Ensuring that the next day's commute is not disrupted, and a safe community is a vital factor for tenants.
It is believed that as more people come into Australia, better-located properties will gradually become more sought after. With a wide selection of quality projects for investment and ownership,
Browse our range of quality residential projects or find out the most popular suburbs for international students.
