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Looking For A Good Rental Investment? Try Near Supermarkets
Are you looking for an investment property? Buying a property to rent out is a significant investment that will put extra cash into your pocket every month.
You might have narrowed down the suburb you’d like to invest in, but where exactly in this suburb should you invest? Studies say that properties in close proximity to budget supermarkets are in demand in the rental sector. Here’s why….
Time
Most people need to dedicate time out of their busy daily schedules for regular trips to the supermarket. Whether they’re stocking their cupboards monthly or in need of a few odds and ends each week, they’ll visit a supermarket without fail.
People looking for rentals are more likely to choose a property near a budget
supermarket than one that takes significant time to reach, as many Australians
already battle lengthy commutes to and from work. Grocery shopping already
takes time – from navigating the store to waiting in line – so most people don’t
want to spend more than 20 minutes from start to finish. Therefore renting a
property close to a supermarket would be a good investment.
Convenience
Students, single professionals, pensioners and even parents with young children appreciate the convenience of being able to get what they need from a store when they need it. This makes a rental property close to a store appealing to a variety of possible markets – unlike schools (which only appeal to parents) and nightlife (which only appeals to students and singles). A supermarket’s ability to stock everything from diapers to cigarettes to milk makes it a good common denominator.
No Car? No Problem
If given the option, most people would prefer not to drive unnecessarily.
If your investment property only offers single car parking or off-street parking, residents will prefer to visit places within walking distance rather than risk losing a coveted parking spot.
The walk could even be used as an opportunity to walk the dog or get some exercise, killing two birds with one stone.
Having a supermarket down the road with everything a tenant needs is a massive boost to the popularity and value of your property.
If you are looking to invest in rentals, the first places you should look at should be near budget supermarkets.
For more advice on investing in property in Australia, contact Wise Guru today.
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With over 4% of housing stock in major cities like Sydney, Melbourne, and Brisbane listed on platforms like Airbnb, Australia ranks among the most heavily penetrated STR (Short-Term Rental) markets globally.
But while this fuels the tourism economy, the impact on housing availability and ...rent prices is sparking debate. Unlike other countries with tighter STR regulations, Australia has relatively light oversight.
Drop your thoughts below! 👇
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🏗️ Exciting Construction Update on Dawn’s Progress!
🏡 Quality Craftsmanship:
Dawn’s fit-out showcases excellence in every detail. Our video highlights the remarkable progress of this apartment, emphasising the commitment to quality craftsmanship and thoughtful design. From ...foundation to finishing touches, no compromises have been made in creating a home that exceeds expectations.
🌴 Coastal Living at Its Finest:
Situated in idyllic Mermaid Beach, Dawn offers a lifestyle many dream of. Residents will have the privilege of enjoying the beach, golden sands, refreshing surf, and invigorating coastal walks right at their doorstep. Embrace the serenity and beauty of coastal living.
🛍️ Conveniently Located:
Mermaid Beach is a vibrant community with a wealth of amenities and attractions. Dawn is thoughtfully positioned near an array of dining, shopping, and entertainment options. From trendy cafes to world-class restaurants, Pacific Fair Shopping Centre to The Star Gold Coast, everything you need is within reach.
🪴 Thoughtful Design:
Dawn has been carefully designed to create a space that harmonizes luxury and comfort. The video showcases the sleek and modern kitchen, spacious living areas, and seamless indoor-outdoor flow. A testament to mosaics commitment in providing an elegant and inviting living experience.
🏊 Resort-Style Amenities:
Dawn will offer residents access to resort-style amenities, including a sparkling swimming pool, fully equipped fitness center, and beautifully landscaped gardens. These facilities enhance your lifestyle, offering relaxation, rejuvenation, and community connection.
🔨 Progressing Well:
Dawn is progressing beautifully, thanks to our dedicated team. Every aspect of this property meets the highest standards. In the video, witness the care and expertise that goes into bringing this exceptional home to life.
📞 Stay Updated:
To stay informed about the latest updates on Dawn, reach out to us. We will provide any information you need and keep you in the loop as this remarkable property nears completion.
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