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Before you sign on the dotted line, see our top tips and insights on how you can best research your prospective property purchase.

1. Postcode’s count! It’s important to buy in a growth area with strong rental demand to ensure good return and long-term tenancies. Trove tip: A suburb with a high vacancy rate is not a good sign!
    
2. Conduct a rental market analysis of your preferred neighbourhood. Is there access to public transport? How do the schools rate? Identify comparable properties and their weekly rent.
    
3. Rental income can be your bread-and-butter, so you need to know the area's average rent. This informs cashflow requirements – does the property’s potential rent provide enough income to cover the mortgage payment, taxes, and other expenses? Research negative gearing – is this an option for your investment strategy?
    
4. What developments are proposed for the area? Find out about proposed planning changes that may affect future property prices – housing developments, new schools, community facilities, medical services and green space can increase long term value and drive rental demand.
    
5. Talk to Trove. With significant investment know-how, our property managers can help attract, assess, and place a tenant into your investment property. But prior to all that, we can even help before you’ve bought a place! As experts in the area, we can advise you on what kinds of property tenants are looking for, where the best locations are and what rental demand to expect. Let us do the research for you!