Questions to Consider Before Buying an Investment Property

Consider whether the property is for a home or investment, your time horizon, deposit, borrowing capacity, cash flow and ability to manage vacancies or unexpected repairs. Account for transaction costs, rates, insurance, maintenance and interest-rate changes.

Assess local supply and demand, transport, amenities, zoning, building condition, climate and insurance availability using current, independent sources. Past growth or rental demand does not guarantee future returns. Obtain appropriate inspections and understand planning or strata constraints.

Tax treatment, land tax, capital gains, negative gearing, tenancy rules and ownership structures depend on current law and individual circumstances. Check current Australian Taxation Office, state or territory and tenancy information, and seek qualified tax and legal advice.

Be cautious of guaranteed returns, low-risk promises or suburb predictions without substantiation. Compare independent scenarios, consider downside risks and ensure decisions fit your circumstances. No investment article can determine whether buying property is right for you.