With the cooling of market conditions and tightening of lending criteria to investors, buyers should no longer rely on a runaway market to carry their property portfolio upwards. Selecting the right investment properties is now more important than ever, especially when only five per cent of properties on the market are investment grade. So, to make the right property-investment decisions, you should start by researching the sale history of not just the suburb, but the property for sale. Once you obtain a property report, you can see what the capital growth has been on that property over the course of many years.
What’s more, you should look for suburbs that have a strong connection to a village, such as Yarraville in the inner-west or St. Kilda with the nearby Acland St. precinct. With that, the property should be close to shops, cafes, public transport and other useful amenities. For more on what to look for in investment properties, head to News.com.au to read the rest of the article.