Tips for Smart Investors

Smart Investors – Don’t be tempted to buy a property just because it looks good or is new or large or any other desirable single feature – unless the location is also suitable for investment.

Keep an eye on any formerly unloved areas where first home buyers have started to move in. They often seek out areas where the value is lower than a neighbouring suburb but the amenities are as good or potentially as good. The fact that first home buyers are likely to improve their homes and the local area could mean good capital gain down the track.

© 2013 Local Property News. All Rights Reserved.