Report highlights city-dweller concerns
March 4, 2014 / Written by Rich Harvey
While interest rates and property cycles are an important part of Australian property investment, at the end of the day, there's no point in buying real estate in an area where no one wants to live.
Whether you plan to sell down the line for capital growth or invest in positive cashflow properties you can rent out to tenants, buying a home in the right region is essential.
Of course, figuring out what Australians are most attracted to in a place to live can be easier said than done. Fortunately, a new report from the Property Council of Australia has made things a little easier.
The results of My City: The People's Verdict, a national survey that details the liveability of Australian cities, sheds light on what's most important to the country's citizens.
"The message from our city residents is clear - while there have been improvements in some cities, they want more action from their governments to improve liveability and opportunities," said Property Council Chief Executive Peter Verwer.
"Australians know what makes a city great and they continue to rate our cities poorly in relation to housing affordability, congestion and public transport. Cost of living, housing affordability and job opportunities are the economic foundations for a liveable city."
Recreational outdoor areas, natural environments and climate, school and education facilities and vibrant cultural scenes were all ranked relatively highly across the nation. However, affordable housing, public transport, roads and traffic congestion and cost of living were all cited as areas that need work.
Whether you're looking to buy investment property in Sydney or purchase Brisbane investment properties, focusing on areas that boast affordable housing and varied public transport options seems to be a recipe for attracting potential tenants.