November 20, 2017

5 Ways to Find the Right Suburb to Invest in Real Estate in Australia

Locating the right suburb to invest in may appear like a difficult task and maybe even a risk because you can never be 100 percent certain that you are investing in the right location. However, there are a number of things that you can do to make your decision easier. Here are five ways to find the right suburb to invest in real estate in Australia.

Go for the Second Best Area for Real Estate Investment

In general, the most popular suburbs go through a peak and boom before everywhere else. In other words they are already established and growth potential is limited until the cycle returns. By investing in the most popular suburbs it is likely that a return on your investment will be slower than if you invest in a less popular suburb.

The most sensible thing to do when choosing an investment location is to go for second best. You are more likely to be investing in an area that hasn’t boomed and you will see a return on your investment in a reasonable amount of time.

Analyse Property Sales Information

A property sales report will provide you with information about suburb price increase. Take the time to examine this data, it will assist you in identifying peaks and troughs in the market as well as suburbs that appear dormant but are on the brink of a property price boom.

Supply and demand

The more properties that are on sale in a suburb the less likely you will see a high return on your investment. When searching for a suburb to invest in think about the surrounding developments and the impact they could have on the market. Look at things such as high rise constructions and new housing estates.

Planned infrastructure

Properties located near shopping centres, schools, train stations and other amenities are often good for investment growth.

When looking for the best suburb to invest in, look for planned infrastructure which is going to have a positive impact on future sales prices of the property. This information is available from government transport organisations and local websites.

Broaden your horizons

Don’t restrict yourself to the suburb you were raised in or by the type of asset you desire. There are a wide range of investment opportunities on the property market including the rural and commercial property and off the plan. Keep an open mind and visit areas that you have never been to and familiarise yourself with them. Also lending requirements might be different for different types of property, so be sure to chat to your bank first before making an offer!

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