My top 3 things to consider –
1. Compare the sales statistics between suburbs. What are the differences between median prices, availability of stock, and visit the properties for the ‘on the ground’ truths?
2. Compare the rental statistics between suburbs. What are the differences between vacancy rates, rents per week and supply of rental properties?
3. Compare the differences between local facilities and infrastructure, e.g. does one suburb have better freeway access than the next?
When it comes to choosing one suburb over the other, it’s important to research all the factors that will appeal to the growth, income and to a potential tenant. Looking at the more affordable suburb, for sale and for rent, may deliver a lower risk on that investment.