State of mind: Risks and rewards of interstate investing
Buyers around Australia are increasingly looking beyond their own backyard for their next property purchase but need to be aware of investment pitfalls and potential alike before buying interstate.
Interstate migration played a big part in driving property prices higher in Perth, Adelaide and Brisbane in 2024, and investors will this year be looking for the next smart move nationally. (Image source: Shutterstock.com)
Buying property interstate can be an appealing yet daunting prospect.
The motivation to buy interstate also varies among buyers and investors.
Some buyers need to relocate for work or to a preferred location, while investors may look interstate to seek opportunities for higher returns, portfolio diversification, or due to budget restrictions.
Buying interstate, of course, comes with its own challenges, with risks to be carefully mitigated, but…
