The big dilemma of the property investor.

When you talk about property market and investment properties most people believe that they will be able to identify the next Hot Spot in order to make their purchasing decisions.

Investment property is a long term game and being a serious investor means you can’t relay on luck or predictions, you must buy using fundamentals.

If we take a step back and observe how the population has changed and our needs we most likely will be able to use this factor to choose wisely where will we be purchasing our next investment property.

Let me explain what I mean with that.

Today’s lifestyle expectation is to be able have all our needs within a 20min range this will be the so called desirable standard lifestyle.

And if there is something that COVID really impacted is that, the ultimate goal is to have everything close enough or even at walking distance.

More and more most planning of the new areas or rezoning take this into consideration and try always to deliver infrastructure before or at the same time that housing, reason being we learned with history that people will always come if the infrastructure is there.

Even more important than work being close to home, especially now with a lot of jobs and services being able to be delivered online what’s really important to people is to be able to do their groceries, get take away and school for their kids all close to home. 

What is Lifestyle?

Having said that is important as well to take into consideration each state as they have different ideas of what is life style for them for example for Sydney siders we believe that being close to the train it’s all we need for the best public transport. However if you talk to people in Brisbane they would tell you that their bus system is the best.

Knowing the people in the area you are buying helps as well to better understand what type of product they look for when it comes down to property.

The last consideration when choosing a suburb to buy is gentrification. Now, gentrification is something that takes years to happen and a lot of suburbs that may be high in criminality now may be the next hot spot in 10 years time. A good example of this is Redfern in Sydney.

When buying an investment property there are so many factors that must be looked at and most importantly take into consideration the current financial situation you find yourself in as an investor in that point in time.

Did you like this post? Do you have any property questions? Need some help?

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