Tuesday, July 21, 2009

Location, Location, Location - how to choose a suburb to buy in

If you are buying a property to live in, the factors affecting suburb choice are markedly different from those involved in deciding on an investment location.

Some of the key factors in choosing a location for your home include:
· Your local knowledge – are you already familiar with the area? Do you know people who already live there?
· Availability of transport to work – good roads or train/bus links.
· Proximity to good schools – particularly if you are relying on the public education system.
· Lifestyle – what is close by for you to enjoy during your leisure time?
· Affordability – the bottom line…

When advising investors, we encourage them to consider the following:
· Buy as close to the CBD as you can afford – you can usually rely on consistent demand from tenants.
· Good transport links – especially train.
· Walking distance from cafes and shops – tenants need reasons to live there other than just being close to work.

For more information on property buying, see our website: www.gooddeeds.com.au

No comments:

Post a Comment