Research the property and the area
- Research the capital growth history of the area and the potential rental income of the property. The local real estate agents are a good place to start.
- If it's been rented before, check the tenant record. If you're investing in a unit, the managing agent will have a complete history of the unit and the apartment block. A small fee will apply for strata searches, but it's worth it.
- It's important to invest in an area with rental appeal, e.g. close to schools, shops, transport, or close to parks and beaches.
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