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Finding Deals – Know Your Market

Wherever you decide to invest you need to research certain aspects of that particular market,
such as:

  • What Industries support the region? ie is it a one horse town?
  • What are the market values for the different types of properties in the different parts of the
  • region? Learn the values one suburb at a time.
  • What are the good streets & what are the bad streets? Know what makes them good and bad
  • so you can watch for changing factors over time.
  • What are rental returns for the different types of properties in the different suburbs?
  • What are the capitalisation rates for the different types of properties in the different suburbs?
  • What is the tenant pool for the area, and what sort of properties are they looking for?
  • Build a relationship with your key team members, particularly Valuers and Real Estate Agents.
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Related posts:

  1. Finding Deals – Know what you are looking for
  2. 5 Main Lessons for Building your Wealth in Property
  3. Building your investment property portfolio
  4. 3 Things Every Real Estate Investor Should Know

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