INVESTMENT TIP: Don't ask - 'Would I live here?"

When searching for an investment property, don't fall into the trap of asking “Would I live there?"  Often your tastes in a property can be very different from a tenant’s needs and likes within a particular area.


SOME KEY FACTORS THAT YOU SHOULD FOCUS ON WHEN CONSIDERING THE PURCHASE OF AN INVESTMENT PROPERTY ARE:
·       Are the rents affordable within the average to medium price range?

·       Has the area shown a solid history of steady rental demand from nearby industry, educational, medical or commercial office workers?

·       Does the area provide good access to shops, transport, schools, churches, sporting and other facilities in keeping with the profile of the local population?

If you can answer yes to the above then you are on course to making a sound investment decision. ■

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