Changing lifestyle preferences and affordability factors are now giving one bedroom apartments a real edge in Australia’s property market.
Here are some factors from RealRenta to consider, when looking to add a one bedroom apartment in your portfolio:
- A one bedroom apartment in a good inner city suburb, close to transport, employment etc, outperforms a two bedroom apartment in an outer fringe location with the same sort of amenities.
- As well as getting you into the market in a desirable area, there are lower upkeep costs and negotiating finance with the banks will certainly be easier.
- According to a few property experts, there is greater tenant demand for small units, as the trend for moving to inner city locations as a lifestyle choice, is boosting prices.
- There are also one bedroom townhouses and villas in older, established areas of major cities. These can be great to renovate and add value to and you may even be able to add extensions down the track.
Once you have purchased your Investment Property, you can advertise it on RealRenta to access some of Australia’s most popular RealEstate sites like realestate.com.au .
RealRenta also gives you access to quick Bad Tenant Checks along with easy overall management of your property.
Take advantage of our up to 2 Month Free Use of the RealRenta platform here : https://app.realrenta.com/Signup.aspx