If you're hoping to buy an investment property with the intention of renting it out, there are a few things you should take into consideration before proceeding.
Think about your prospective investment through the eyes of a tenant – what is it that they want from a home? Chances are, most of them already have a wishlist of sorts in their heads when scouring the market.
Something which is becoming more and more important to people these days is cutting down their use of vehicles in an effort to reduce their carbon footprint.
The rise in popularity of using public transport – such as trams, trains and buses – to get to work means that buying an investment property close to transport hubs could be a good call to make.
For example, Bulimba real estate is located relatively close to a ferry which can take you across the river and directly into Brisbane's central business district – saving your prospective tenants time, money and effort.
Another factor which tenants look for in their rental property is the proximity of shopping centres.
Things like supermarkets, pharmacies and general living stores being close to your investment property can work in your favour to peak interest and gain potential tenants.
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