A few days ago I posted an article talking about the value proposition of a buyers agent. Whether it’s a Brisbane buyers agent, Melbourne buyers agent or Sydney buyers agent (or anywhere else for that matter!), many people think that using a buyers agent is all about getting a better purchase price. Now, don’t get me wrong, that’s certainly a big part of it, however, there are many other factors that make using a buyers agent a wise decision when purchasing an investment property or your own home.
In this article we’ll talk about one of those factors, the right location.
The Right Location
This really is one of the key decisions in buying an investment property and deserves some time and effort in researching, analysing and selecting a location that fits with your investment strategy and your budget and maximises the investment potential for you.
Knowing the key drivers of capital growth and being able to narrow down locations who have these key drivers is imperative in selecting the right location. As much as buying for capital growth is speculation, as no one can guarantee that you will see growth in an area, there are certainly factors that one can evaluate and assess in a location to maximise the likelihood of growth.
Your strategy will also play a large part in where you will invest. Growth and cashflow can be natural or manufactured but not all location will lend themselves to manufactured growth strategies such as development or renovation for profit.
Your budget of course plays a key role in where you’ll invest and you’ll want to make sure that you get the best ‘bang for your buck’ in selecting your location.
A good buyer’s agent will work with you to narrow down your search to the areas that meet your strategy, your budget and will maximise potential growth. This can be a process that takes a little time and a lot of research and not everyone has the time, knowledge or the inclination to do this.
Having someone working hard for you to do the research, knowing what to look for and simply bringing you back the information that you need to make the decisions is empowering and puts you well ahead of the game.
If you’d like to speak to me about the Property Zest Brisbane buyers agent services, don’t hesitate to call or email!