Identifying potential Growth opportunities

Its not just location, location, location

The suburb is only one factor property buyers should consider when deciding which property to purchase as an investment.

Whilst suburbs currently showing great potential for capital growth include New Farm, Newstead, Kelvin Grove and Woolloongabba among others, there are more boxes to tick than the location of the property.

Before buying an investment property, people need to be clear on their individual purpose behind buying the property and their future goals. It is surprising how many people think it is just about buying something, without knowing what they want to achieve. They don't think about the property itself or the re-sale market for the property they are buying.

The most important thing for investors to do is work out their ‘affordability' - how much money they have available to put into the property purchase without compromising their lifestyle. Affordability is different for everyone, but you need to know that you can hold on to the property through good and bad times and reap the long term benefits without feeling stressed.

Once people have worked out why they are investing and what they can afford - they are ready to start looking for properties that meet their current and future needs.

Investors need to seek a property that ensures good rental return, cash flow and attracts good quality tenants. They also need to be aware of long term capital growth but understand it's not just about the locality - the property itself is so much more important. Other fluctuating issues to be taken into consideration include demographics, population and housing patterns and cycles, financial trends, the economy and the housing market.

The best advice to buyers would be to talk to a property investment consultant who is familiar with the current trends, and can provide assistance in terms of how they can best reach their goals through property.

Grow consulting can provide property investment consultants who are familiar with the current trends, and can provide assistance in terms of how you can best reach your goals through property.