Editor's Note: November 2015
LOCATION BEATS SIZE
When it comes down to it we can never do anything about the raw location of our properties. That is, we may be able to move them around on the block of land, or even build up towards the sky if developing, but if we purchase a property on a busy road or in the wrong suburb it will forever be thus.
Likewise, if we think we’re buying the bargain of the century (which is likely to stay that way for another century) because it’s prone to flooding every summer or perhaps because there’s a highway in the pipeline a few metres away, which you think your tenants won’t mind being so close to, you’re about to learn a very hard financial lesson indeed.
Location continues to reign supreme as one of the best real estate strategies out there. In fact, buying in the right location is the perennial key to property success. Get that right and half the battle is already won.
So, when it comes to location, does it necessarily matter whether you buy a house or a unit? Will either property type turn out to be a success?
Density is increasing in Australia with the development of more units, and it appears in some suburbs unit values are actually growing at a higher rate than houses.
Location seems to be the key – it’s better to buy a unit in a good location than a house in a poor location, according to the experts. And with property prices continuing to rise and affordability becoming an issue, many investors are acting according to this advice.
In this month’s cover story, we have exclusive data from Onthehouse.com.au that reveals 99 unit suburb stars across the country where capital growth is outperforming houses.
Also this month we meet a property investor who not only dreams of property near and far, he also works in the sector for his day job.
This month’s Investor Profile Rod Facey gives us the lowdown on his $3.5 million portfolio that now has more than $1 million in equity.
We also have a new 12-month series starting this month to celebrate our 18th birthday! Our 120 Years of Property special begins with an indepth look at the period from 1900 to 1910.
This issue is our 177th and marks 18 years as the number one property investment magazine in the country. Wow! Of course, it’s all because of you, our loyal readership who’s stood by us over the years. Thank you for your continued support!
Until next month then, may your next property’s location be so awesome it warrants its own hashtag.