Data from the Australian Tax Office shows that one in five Aussie households own an investment property. That’s 2.2 million Aussies.
So how do you become a property investor? Quite possibly that’s the wrong question to ask. Anyone with a reliable enough income can get a home loan these days. The real question is, what kind of property will give you the best growth over the long term?
Here are some tips from Property Update that will help set you up for investment success in Brisbane.
- Stick to 10km from the city centre. While remote working is sparking interest further afield some 50,000 jobs are being created between the city and the airport, including around hospital precincts.
- School catchments are becoming more important and continuing to attract a premium, so do your research on the top spots for budding scholars.
- Buy near public transport: access to a bus, train or ferry remains important.
- Research flood zones, including areas that are at risk of stormwater inundation.
And if you’re buying from interstate, don’t assume Brissie is like Sydney or Melbourne. It has its own dynamics that a local agent can help you understand.