Monday, 07th September 2015
Research, research and more research because location, location, location is not always the reason to buy in a particular suburb!
Research will tell us what's happening in an area including what the council has planned, the different types of zoning laws and how they may change in the future.
Further, the supply and demand of an area will determine the average rental return percentage. If there is an oversupply expect a low rental return, no matter where the suburb is.
If, however, supply is low expect a high rental return that is better than the state average.
Where an area has high demand, ask yourself why. If you can answer that question, but that area is out of your reach financially, start looking at the reason or reasons you came up with and look for other suburbs with the same attributes.