Location is critical when it comes to finding an outperforming investment property.
But what makes a good location, and why are some better than others?
With more than half of Aussie households having less than three people in them, more of us are:
- Choosing to start a family later in life,
- Seeking better work-life balance and flexibility,
- Opting to live in close proximity to cafes, restaurants, and other recreational facilities, and
- Downsizing to easily maintainable and cost effective townhouses and apartments.
But what does that mean for you as an investor?
Let’s dive into the nitty gritty.
“Walkability” is all the rage
You’ve probably seen this word thrown around by real estate agents and property developers.
Proximity to amenities such as shops, parks, and public transport that allows residents to walk has long underpinned property values in inner city neighbourhoods.
But now we’re starting to witness a similar trends across other areas of Australia.
In fact, it is common for investors to pay more for properties that are close to the beach or cafe strips.
Australia’s obsession with coffee
In recent years, cafes have become a transition point to meet and catch up with friends, family, and business associates.
Many city dwellers have their favourite cafes, where they are on a first name basis with their barista.
Given that so many Aussies are living alone or in smaller houses, it’s not surprising that cafes are becoming an increasingly popular drawcard.
All about lifestyle
Ultimately, lifestyle is the fundamental force in today’s residential real estate market.
Culturally, we have become a nation that enjoys a quick stroll to our local cafe to catch up with family and friends.
But it’s not just suburbs close to cafe that are commanding a premium.
Proximity to schools with a good reputation is a must for family buyers, with many parents willing to spend half an hour or more driving to work if it means their children can safely walk or travel to an esteemed local school.
As an investor, the best thing you can do is buy in a location that offers lifestyle and convenience. Select a property within walking distance of fantastic lifestyle opportunities, and your property will become highly sought after in the long term.
By the way…
If you’re looking for an investment grade property that will outperform in the long-term, check out the projects the Adpen team are putting together in key locations across South-East Queensland.
If you have any questions, feel free to get in touch today!