With the lack of Warwick rental properties on the current market, vacancy rates are now at historical lows and competition for homes and units means that homes and units spend very little time without a tenant. This reality is currently reflected across the whole of the housing and property market in Australia.
The Warwick real estate market has some clear benefits for first time investors thanks to the lower price point of entry, high rental yield, and potential for long term growth. With these benefits available, you may have begun to look for houses for sale in Warwick with the intention of expanding your investment portfolio.
With that in mind, it is worth noting that Warwick real estate agents across the region are usually long term locals with a comprehensive understanding of the region itself and good levels of available properties for sale in Warwick for a new investor to choose from.
Before you buy your new investment property in Warwick or the Southern Downs region, we suggest looking out for some of these key aspects that will attract more tenants:
- Security: Properties with fences and security screens are heavily favoured by tenants
- Simple gardens: If a garden is difficult to maintain, you run a risk of it becoming unsightly and potential tenants avoiding your property
- Pet-friendly: A property that is pet friendly will attract more tenants
- Location: Properties near schools, shops and parks are favoured by tenants with families
- Appliances: Properties with appliances such as dishwashers, air conditioners or even brackets for wall mounting dryers appeal to tenants
To further assist new investors to attract great tenants to their Warwick rental property and enter the investment market without the stress, we’ve developed a quick tip guide on how to trouble-proof your investment that you can download below.
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To make the process of buying your next investment property in Warwick and the Southern Downs Region a smooth and stress-free process, we’ve built a unique model that prioritises our clients experience throughout the buying and selling process. This is our “Six steps to a Successful Purchase” process and it’s designed to be simple, clear and to minimise the stress of buying property.
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