Property Investment in Australia

It's important when thinking about buying a property as an invesment to take the emotion away from the decision making. Emotion often clouds the mind and makes logical investment decision making alot harder, especially if your a first time investor. With time you'll learn to make effective investment decisions by weighing up the various options in front of you.

A good rule of thumb when looking for an investment property is to buy a property within 15 kilometres of the central city. These propertys tend to rise in value alot quicker than outlaying propertys. Research the different areas around the central city. See what developments are being planned that will help lift property prices within the selected suburb, is a mall being planned, what about parks and other attractions, whats traffic like and public transport, are the future industrial developments that could lower local property prices. Overall you need to get a good feel for the different suburbs around the central city before you make the investment decision.

Bottom line units are a much better property investment decision than buying a home as an investment property. The reason for this is that units are alot easyer to maintain than a full sized home. Although often there is a high turnover rate of tentants coming and going, they are often taken quickly by potential tentants and are not vacant for long, especially if they within the 15 kilometres of the central city.

When looking for a unit property investment look at the resources available to the tenant offered by the body corprate of the complex. Do they have a laundry, pool, garage, and some now offer gym facilities. Is there a super market nearby, and other resources at the tenants desposal. Would you live there yourself?

If your buying a property that has been rented in the past ask the previous owner about tenancy history. Anticipate in potential problems before buying the property.