Where should I buy my investment property?
Buying close to home may feel comfortable, but long-term investment performance is driven by rental yields, capital growth and market fundamentals, not postcode familiarity.
The odds are heavily stacked against your best property investment option being in your local area or city. (Image source: Hakem Noor/Shutterstock.com/API Magazine/Ray White Hope Island)
For most investors, the question of where they should buy is given nowhere near the consideration it deserves.
Whether new or experienced, there is a tendency to simply look in areas near where the investor lives.
This is easy to understand; investors often feel they know the market in surrounding areas and like the idea of being able to drive past and see their property. Yet more often than not, that is the strategically flawed choice.
Anyone…
