- A perfect home may not be a perfect investment property. Consider what your target rental market is. A house that is not worth too much may pose a higher risk in getting undesirable tenants, while a house that is worth too much may mean that the vacancy period is higher and/or that the rental period is shorter.
- Obtain a depreciation schedule to maximise your tax-deductible benefits.
- Consider using a buyer’s agent
- Look for a reputable agent, considering their commission and fees versus what they give in return. Cheapest is not always best. Ask for references or feedback from other owners.
- Work with your agent and accountant to maximise returns e.g.; property maintenance and upgrades.
https://moneysmart.gov.au/property-investment
