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Buying the right residential property in the right location and at the right time in an interest rate cycle are key ingredients for extremely sound investment potential.
“If you want to acquire an investment property, location and rental returns are the most important factors. In a good location you will enjoy capital growth and also benefit from sound returns. However, if you invest in an area that is not very appealing nor well-positioned, you could find yourself with very little appreciation over time and low demand from tenants.
“For long-term investing and holding, I suggest gearing such that there is a small shortfall each month which assists with tax liability.
As to what size and type of home you should you be looking to buy, again, this depends on your strategy. Reynolds says if you are simply wanting a low risk, high return property portfolio with less capital growth, then one and two-bedroom apartments are always a good option. “However, if you are seeking capital growth as well as fair returns, then houses that can be renovated and upgraded over time are a great option.
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