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Selecting the Right Type of Investment Property

By Amanda Shannon

Purchasing a slice of Gold Coast real estate for rental purposes is a great way to supplement your income while securing a long-term investment.

However, when it comes to choosing the type of property to buy, purchasers are spoiled for choice.

From units, houses, terraced houses, to apartments, there is a large range of property types that are suitable to many different types of tenants.

So if you're looking to buy houses or apartments in Broadbeach or the surrounding suburbs, then you may want to consider a few things before you begin your hunt.

Tenants

The type of investment property you buy can be largely influenced by the type of tenant you are looking to target. For instance, if you would like to secure a family for your rental property then you may want to look at bigger properties such as houses. However, for students or younger couples, it may be wise to view some apartments and townhouses.

Area

It's also a good idea to look at what types of amenities are available nearby. For instance, if you are thinking of buying house, then you may want to see what schools the property is zoned for.

Alternatively, being close to inner-city areas and public transport systems are important for apartment selection.

For help with adding another investment property to your portfolio, contact one of the professionals at Ray White Broadbeach today.

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