Lethal Mistakes to Avoid on Your 1st Property - You haven’t researched the location

Sure the property itself needs to be desirable to owner-occupiers and tenants, but buying in the right location is the most important factor.

Remember…location does 80% of the heavy lifting of your investment property’s capital growth.

Rental yields will only get you so far, to build real wealth you need to chase capital growth– and not all locations are created equally.

While getting a foothold in the market in a cheaper outer suburb can be tempting, price growth there is likely to take much longer (and be more uncertain) than in a middle-ring or inner-city locale.

Check out the data for your chosen suburb to see how the property is likely to improve in value over the next ten years before you buy.

RealRenta has all the tools that a property manager has, but at over ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property

RealRenta also has a free vision, so why not check it out

Jason Gwerder
Tuesday, 7 September 2021

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