Preparation is paramount when it comes to buying your first investment property. Although not an emotional decision, buying an investment property does require a large amount of homework to ensure you capitalise on your purchase.

Understanding elements that are applicable to the rental market is influential in purchasing the right investment property. We encourage investors to speak with Century 21 agents in their preferred areas so we can advise local factors.

There are certain aspects to bear in mind when inspecting future investment properties. Firstly, for the sake of capital gain and your return on investment, and secondly, the appeal the property will have on potential tenants. Potential tenants often look for properties that are close to transport, shops and facilities.

The difference between purchasing a house and a unit is usually significant financially. Often times a unit is a better option than a house for investment, due to the fact that there is less maintenance required on a unit. The down side to this is that units generally achieve less capital growth than houses.

Regardless of what option you eventually decide on it is an absolute must to obtain a professional building inspection to avoid getting bitten further down the track.


Glossary of Property Terms

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