Is this property strategy genius or disaster?
One of the big debates for investors is rural versus city.
Some people love cities because growth is more consistent and things are more stable.
On the other hand you can pick up bargains in small towns and get huge rental yields.
The reason I’m raising it is because a reporter from The Daily Telegraph in Brisbane asked me about this the other week.
And I told them that in my experience …
…cities win hands down.
Small towns don’t have the strong, diverse economy you need. And if population growth is below average you can find there isn’t much demand for your property.
Sure you could pick up a great investment but you could lose your shirt very easily instead.
Being cheap doesn’t necessarily make it a great investment. If it doesn’t go up in value or get rented it becomes very expensive.
You don’t have to stick with capital cities all the time though. You can still go for major regional areas like the central coast, Wagga Wagga and Albury. Just make sure you stay close to the CBD.
It might cost a bit more to invest there, but you’re not trying to save a few dollars. You’re doing this to make money.
Want more inside tips on where you should invest?
Then spend an hour, completely free with one of our property specialists.
There’s no cost for this, and it’s a great chance to find out where you should be investing to match your budget and your strategy.
P.S. There’s more to investing than location. What you buy and how it fits in with your long term strategy is just as important. This is something we’ll cover in your strategy session too, so make sure you book it now while it’s fresh on your mind.