Location Location location

When investing in property location is one of your key factors to consider. Researching your location, and ensuring you are making a good purchasing decision can be the difference between purchasing a great investment, or ending up with a lemon. So when looking at locations what are the main considerations:

Rental Potential

The rental potential of a property is always going to add to the value. A house may be run down, and lack any street appeal, but if it is in an area of high rental demand, there is a good chance that it will still be a sound investment. Areas that typically have high rental demand would include places close to tertiary institutes and universities, students may not make the best tenants, but there is never a shortage in demand. Any where close to large employers. Hospitals are a good example. Places of convince, close to CBD’s or to key services such as public transport. Ask your self the question: …