Buying an investment property can be a challenging process and will require far different considerations to buying a home to live in.
Potential locations should be considered in light of their capital growth potential over the medium to long term. Gross rental yield, being the total annual rental calculated as a percentage of the purchase price is also an important factor. Realestate.com.au and domain.com.au provide useful suburb snapshots including median prices, past capital growth and current rental yields to assist buyers in this essential research and apps such as Reddit provide forums for discussion on any particular suburb from an investor’s perspective.
Also important to consider are government land tax and minimum standards for rental properties. These are dealt with in detail on the State Revenue Office and the Consumer Affairs websites respectively, for investment properties purchased in Victoria.
if you are thinking of buying an investment property, our property management team would be pleased to assist you with any matter, including a no obligation estimate of rental return.
