Find Investment Property | July 2009 Australian property investment opportunities are endless. A good property investment location can be beside the ocean, in the centre of the city, in a country town or the bush, but some locations are better than others. So how do you make a decision about this most important part when you are looking for a property for sale – its location? 1. What Location Fits Your Situation
First you need to know what types of property are best suited to your personal and financial situation. Obviously the higher your borrowing capacity, the higher the number property investment locations you have to choose from. You also need to decide whether or not you will use an agent for your rental management. If you intend to self-manage your property then it would not be wise to invest in a property in another city or a country town. 2. There is no such thing as too much information
You need to know everything you can about any location you are considering before you make your investment purchase decision. You can find out much of the information you need about current sales prices of similar properties through newspaper and internet real estate advertising. For more detailed information about locations see our article Property Investment Hotspots. 3. Every potential location has its pros and cons.
If you keep an open mind, and don’t fall into the trap of insisting on a specific location, you will often discover even better opportunities in other locations. Try not to apply your particular personal living standards to a location. Just because you love its ocean views will not make the property a good rental investment if the price you have to pay is too high. Property Investment Location
Factors to Consider when deciding to buy a property for sale: • Current pricing levels • Recent Sales • Accessibility to transport • Amenities and services, • Employment opportunities, • Lifestyle change factors –sea changers or tree changers • Major infrastructure plans • Educations facilities • Retail and entertainment accessibility • Sporting and recreation amenities including parks & swimming pools This guide focuses on some of the major pitfalls when it comes to choosing an investment property location.
