Factors to consider when searching for property as tenants in common.

• How many bedrooms and how much communal space do you require?
• Is the property close to public transport?
• What are the local amenities such as parks, beaches, cafes, schools and entertainment complexes?
• Are you intending to renovate the property? If so, is it likely that you will get DA approval?
• The type of property you want to buy. For example do you want to buy a unit, town house, semi-detached or free-standing house? This may involve a consideration of whether you would like a high or low maintenance home.
• What is the property size and land size?
• Does the property have enough storage room?
• What is the condition of the kitchen and bathroom? As research shows that an exceptional bathroom or kitchen makes a significant difference to a buyer’s perception of the property.
• Long Term Growth – properties with water views or those in high-end or family friendly suburbs have good growth prospects.
• You may also want to research the average house/land/unit price in your desired purchase areas. Visit www.myrp.com.au for more information.