Where Should My Investment Property be Located?
Avoid a large percentage of rental properties
An area which already has a large percentage of rental properties already will have a lot of competition between landlords, as the supply is larger when compared to the demand. This can mean that landlords may lower their prices to differentiate themselves from the crowd, forcing all rental prices in the area to lower.
In addition, renting occupants are less likely to care for their property in the same way an owner-occupier would, meaning the streetscape can become diminished, causing less street appeal for potential tenants.