Regional vs metro property investments
When it comes to property investment, it can pay to use your head and not your heart.
When it comes to property investing, you have many choices – house or unit, town or country, off the plan or a character classic. Here we look at the choice between metro and regional areas.
As a general rule, if you’re looking for capital growth, it’s worth aiming for properties close to busy CBDs. As population and demand grow, values can be pushed up. It is also particularly important to consider capital growth if you are planning to negatively gear a property.
When investing in metro areas there are a couple of
Metro areas often give you the option for more choice between existing dwellings and
On the other hand, if you’re looking for steady cash flow and good rental returns, you might consider investing in regional centres. Areas with poorer capital growth can offer stronger rental yields. Doing your research and looking at the data is a good way to understand an area’s state of play.
Look for areas with
Once you’ve done your own research you may wish to consider the services of a buyer’s agent who knows the local area and can inspect potential properties for you if you don’t live near the regional area yourself. You’ll also need to consider a good local property manager who can help you find the right tenants.
Keep in mind that choosing an investment property can be different from finding a home of your own. Your personal affinity for the area does not need to be the basis of your decision.
With an investment
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- Chapter One : Things to consider before investing in property
- Chapter Two : Determining where to invest
- Chapter Three : Investment properties by dwelling types
- Chapter Four : Finance for your investment property purchase
- Chapter Five : How to invest in property
- Chapter Six : Adding value to your investment property
- Chapter Seven : Positive and negative gearing
- Chapter Eight : Getting your loan
- Chapter Nine : Selling your investment property