Courier Mail Do the rental research by Michelle Hele May 2011
Taking your time to find the right property is crucial for would-be landlords, writes property editor Michelle Hele.
Buyer’s agent Meighan Hetherington of Property Pursuit, says too few investors do the demographic research that is needed to buy and investment property.
She says too many buy with their heart and don’t treat it like the business transaction it is.
“Few people think it through,” Hetherington says.
“A large percentage buy in their own suburb because they are comfortable in that suburb, so they don’t buy something that somebody renting would find had good attributes.”