Property Investing in The 21st Century

Where Are The Best Places To Purchase Property

Today we will look at what areas you could look at when you are considering purchasing an investment property. As smart property investors, we want to look at areas that will not only appreciate over time, but also remain strong in times of economic downturn or if there is ever an over supply of property.

We will concentrate on the Australian property market, which is where the majority of the readers are based. Historically, over the last 150 years, the majority of property prices have risen at an average of around 8% per year. Some have done much better, and some have done much worse. Still, at the end of the day, if you have owned property in Australia at all and held it for even a few years, then you would have made some considerable returns,

So what are the best areas and suburbs to purchase property? This changes all the time, however there are some great guidelines that I can give you that will put you in the top 1% of successful residential property investors.

• Purchase within 12km’s of a state capital city
• Try to purchase a house or villa as opposed to a unit
• If you must buy a unit or flat, ensure there are not more than 20 in the complex
• Do not purchase on a main road, although one o two streets back is great
• Choose suburbs that border the more affluent suburbs
• Choose a location near (not too near) schools, parks and shops
• look for areas that are undergoing gentrification

The guidelines that I have put above are some simple, yet excellent real estate tips that will without  doubt give you a great head start when you enter the property market. Many peolple ry to overcomplicate property investing, or are more interested in nice new houses out in the mortgage belt. A boring small house in the inner suburbs will always outperform those in e outer suburbs, 25km away from the CBD. It is the land that is appreciating in value, and it matters little the dwelling erected on it.

Written by Clint Maher - 21st Century Academy
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