Making the most suitable decision when it comes to purchasing investment property in Carlton is an important aspect of boosting your portfolio's success.
The biggest choice in Australia's current real estate market is whether you should buy an apartment or a detached home. There are different characteristics to each property type that can be more or less suitable for your investment goals, so be sure to do your research before committing to any one property.
Apartments, for example, are a great option for buyers interested in building a portfolio in metropolitan areas. These properties have the bonus of seeing a big popularity among renters – allowing for a near consistent stream of rental income.
On the other hand, detached homes in strong growth suburbs are likely to see larger rental returns. Suburban real estate is often more suited to tenants who plan on being in the home for extended periods of time, making the proximity to local amenities a bigger factor to take into consideration.
If you're interested in beginning an investment portfolio in Sydney, be sure to get in touch with a local real estate agent today.