Download Real Wealth Australia's free checklist with all the questions you should ask when you're researching your next investment property. This way, you'll make sure you're buying a product catered to your future customers - local tenants.
Download your free checklist to make sure you're asking the right questions
Have you ever had an extended vacancy and been at a loss for why tenants weren’t snatching your property up?
The answer can be pretty simple: it’s not a property that suits tenants’ needs.
However, addressing tenants’ needs isn’t just about upgrading the property with a fresh coat of paint, or putting in a new dishwasher. The most straightforward way is actually to address their needs at the purchase stage. That is, you should choose a property which reflects what tenants in the local area are searching for.
But how do you find out what tenants in the local area are looking for in a home?
How to research what tenants really want
You’ll need to consider questions like:
🏡 Who makes up a large portion of the rental population? Are they students, families, singles or couples?
🏡 Do houses or apartments rent best in the area?
🏡 How many bathrooms do tenants in the area want as a minimum?
Today, you’ll be equipped with the tools you need to ensure you’re buying the most suitable home for the local market.
Here’s a checklist of the questions you should ask each time you’re considering a new property.