Australia's relationship with property investment
When it comes to wealth creation there are few avenues as widely accepted by Australians as the opportunities presented by property investment.
The saying of "they're not making any more land" rings true across the nation - while blocks are released by local governments from time to time, the reserves are more or less restricted.
This means that the Australian dream of buying a house is actually much more than just owning a place to live - in a very real sense it is a long-term investment.
However, this does not mean that all properties are going to present potential buyers with the same opportunity for generating an income or realising a substantial return.
This is because there are a range of additional factors that can combine to impact on how much rent you can ask for and will also influence the final sale price.
Understanding these elements can put potential investors in a better place to make intelligent purchase and leasing decisions that are based on past performance and industrial knowledge rather than misleading rumours.
Talking to an experienced agent could also be a good idea, as they will have access to verified market data that could help to improve the chances of landing a quality investment that generates value over the long term.