Investors Ask: Getting tenants?

By Rich Harvey

Q. I’ve been looking for a property for a while but I struggle to convince myself they’re good investments. How can I make sure that the property is going to be tenanted?

A. You need to ask yourself, “what constitutes a ‘good’ investment?”. You should firstly concentrate on buying in an area with good infrastructure, diverse employment, population growth and high demand for rental properties.

Secondly, you need to find out what type of property and what features in that property purchasers and prospective tenants are seeking – classic marketing, working backwards from your target market’s needs.

Thirdly, you need to do your research on current property values and current rental demand.

There are no guarantees in the world of property investment, other than the fact that if you don’t do anything, nothing will happen. If your chosen property ticks all of the boxes above, be confident that your property will be quickly tenanted, providing you are not greedy with the asking rent.

You may also find a property that is already tenanted, but ascertain whether the lease is expired and be careful to determine that the existing rent is current market value. To further cover your risks, ensure you take out comprehensive landlord insurance to cover any potential damage or loss of rent.

Be reassured by employing an expert in property for the peace of mind that will allow you to move forward towards your goal of property ownership and financial freedom.

Rich Harvey, Director, Propertybuyer

- Have a question for one of our experts? Email it to [email protected]

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
BLUE BAY 49.18%
Investors Ask: Getting tenants?
SPI logo