How to buy a smart investment property

When buying an investment property one must leave emotion and friends and families opinions behind!

Do your research, look at growth corridors with up and coming amenities with good transport and shopping centres that are going to be improved or redeveloped.

When purchasing your first investment property, ask yourself what's more important? Capital growth? Rental income? Depreciation? Or a combination of all of these? Do you buy in a family trust or a Self Managed Superfund?

Depending on your personal financial profile, one must purchase the right property that provides long term financial benefits. This makes finding the right property even more complicated. Should you be buying an older home on a large allotment with subdivision potential, or should you be looking for a low maintenance townhouse or villa with good rental returns and depreciation benefits. So out of the 5000 properties that are currently for sale in your city, possibly only 3%-4% of them are suited for your purpose and worth buying!

Get a buyers advocate to sort through all the unsuitable properties, and educate you in finding the right one at the right price!