How do buyer’s agents pick the best property to invest in? although there is no fool proof method in property investment, the Property Observer has some tips from buyer’s agents, their success stories and the lessons they learned along the way.
According to Rich Harvey, Managing director of Property Buyer, often investors confuse between Research and Search. Investors should keep in mind that property is a long-term investment that requires a carefully thought out plan. Researching on the market performance during lean months is a good gauge as to how the investment performs overall.
Meanwhile, Jacque Parker, director of House Research Australia advice that investors should purchase property in an area where the majority can afford rent.
If you wish to read the full article, head to the Property Observer website.