Location is important when choosing an investment property that can potentially outperform in the long term. How can you find a good location and what makes some better than others? Affordability and proximity to infrastructure used to be the gamechangers for homebuyers and while modern Australian investors still decide based on lifestyle, the mindset has somewhat changed. You may want to talk to an accountant to get a broad perspective in terms of outperforming investments.
Over 50% of Australian households consist of only one or two people now. Most people choose to start a family later in life and enjoy working flexible hours even from home offices. People now prioritise work-life balance than overtime and prefer to simply walk to café and beach strips and restaurants from their homes.
In fact, Sydney’s most walkable suburbs have outperformed the averages by about 20%. Coffee shops have become a second home for many as smaller households seek a familiar social outlet. Investors may do well focusing on bayside apartments in the inner city with excellent lifestyle amenities nearby.
Cost effective townhouses and apartments are now popular choices as well. Those within a particular school catchment zone are a must for families so the children can just walk or ride a bus to school. Parents are even willing to drive longer hours to work just so their children can safely commute to a good school.
As the population grows, walkability will be more important when looking for properties that will likely outperform in the future.
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