Study the area properly

INVESTING in a property that is particularly suited to the demographic of the suburb is more likely to achieve capital growth, greater rental yields and a minimised vacancy rate, says Brisbane property investment consultants Grow Consulting Group.

Managing director Ayda Shabanzadeh said investors should always consider amenities, design, and demographics.

"Properties that will invariably be most in demand by tenants are those that are within close proximity to parks, shops. Schools, services, transport, waterways, and other local amenities, "she said. "Find out if there are any government or council plans for future infrastructure or residential development or rezoning, as this will be an important consideration too."

As for the design of the property itself, investors should look for a good floor plan with airflow, lighting, and ventilation, and with relevance to the demographics and lifestyle of the local demographic.

"Make sure you investigate statistics of the population of the area in which you are looking to invest," she said.

"If the majority of residents are professional couples with no kids, don't invest in a five-bedroom family home as they tend not to have a need for all this space. Similarly, if you are wanting to invest in a family suburban area, a unit may not be the best option.

"Ms Shabanzadeh said invest or s should show preference to areas with a higher percentage of tenants over owner occupiers, as this was an indication of tenant interest in that area.

"Once you have got these elements right, you would be looking for some degree of differentiation from other similar properties."