Apartments have traditionally been favoured by Australian investors as they are easier to maintain and renters tend to prefer this style of accommodation.
However, during the end of 2016 and early 2017 there have been growing concerns expressed about an oversupply of apartments in some inner city areas of Australia.
Here is 5 useful tips that you should keep in your mind if you’re planning to buy an apartment for investment purposes in 2017.
1. Location, Location, Location
2. The quality of the complex
3. Check the average weekly rent for a similar location
4. Does the apartment have any special features?
5. Parking is very important!
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Please remember to keep us in mind for all of your buying, selling, renting or property management needs – you can make contact via the following means:
Drop in: 2 Elkhorn Avenue, Surfers Paradise QLD 4217
Phone: 07 5592 1464