Finding where and what to buy

Discussion in 'Where to Buy' started by Emma_D, 14th Jun, 2019.

Join Australia's most dynamic and respected property investment community
  1. Emma_D

    Emma_D New Member

    Joined:
    23rd Jun, 2018
    Posts:
    4
    Location:
    Brisbane
    Hi All,

    I'm interested to know what people's strategies are for finding an IP. I tend to search for areas that I think 'tick the boxes' and then look for properties that I can afford or that I consider are a good deal (less than median price etc).

    Do you find locations and then properties? Or do you find a property and then validate the location?
     
  2. strongy1986

    strongy1986 Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,236
    Location:
    VIC
    depends on the reason for buying

    if for passive growth then i would be looking for an undervalued location , ie perth

    if for sub division, rennovation or cashflow then i look for the property first
     
  3. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

    Joined:
    31st May, 2016
    Posts:
    2,738
    Location:
    Australia
    Here is a blog we wrote covering something we put together earlier in our property journey:

    Investment Property “Strategy” – What does it look like?

    As a starting point, I would look at property cycles, the growth that has happened in the various cities, when was the last peak, what are the rental returns like.
     
  4. Emma_D

    Emma_D New Member

    Joined:
    23rd Jun, 2018
    Posts:
    4
    Location:
    Brisbane
    Ah yes, I hadn't considered this. I had always subscribed to the idea of 'location, location, location'.
     
  5. Emma_D

    Emma_D New Member

    Joined:
    23rd Jun, 2018
    Posts:
    4
    Location:
    Brisbane
    Thanks for the link, would you say that it would depend on the situation (or client) whether you went for location first and then the property and vice versa?