Finding a good investment property depends on a range of factors such as location, rental yield, property type and future growth potential. The best investment properties are a result of careful research into what is available in the market.
A good investment property is located in an area where there may be high demands for use of public transport, walking distance to school, close to the shops and where they is a potential for infrastructure development.
If you are planning to find a good investment property to rent out, then calculating the potential rental yield on properties would help you identify which types of properties work best for you. Rental yield is the percentage of annual rental income in comparison to the property's value and ensure the rental yield will cover costs such as the mortgage, regular maintenance and any emergency repairs.
There are a variety of properties available on the market from homes, townhouses, apartments and villas. Understanding your long term financial goals will aid the type of property you buy. Additionally, weighing up the pros and cons of each property will allow you to better understand which property is best to yield profitable results.
Finding an investment property in an area with future growth potential can be more profitable long term. Locations where there may be new projects, structural developments and other economic indicators and help you determine if the property you are looking to invest is worth it.
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Hudson Homes Pty Ltd 2023 | Terms & Privacy Policy
The information provided by Hudson Homes Pty Ltd is for general informational purposes only and does not constitute personal investment, financial, tax, legal or other professional advice. It is important that a person considering an investment decision does so in light of their own personal objectives, needs and financial situation and if they are unable to make such an assessment, it is advisable that the person seek the help of a suitably qualified and licensed professional. Hudson Homes Pty Ltd, its subsidiaries, directors, employees or its agents does not guarantee or endorse any specific investments or products and does not accept any responsibility for persons acting on the information provided. Persons doing so, do so at their own risk.