Do not forget the add-ons

An investment property requires regular financial commitment beyond the loan repayments. Make sure you have the capacity to cover land, water rates, maintenance and repair costs. Tenants are entitled to repairs or replacements as quickly as possible under their rental agreement, so you will need to have the means to pay.
Apartments or units also come with body corporate fees, which can run to thousands in some modern complexes with professional landscaping and shared amenities, such as swimming pools.

Do not forget the add-ons

An investment property requires regular financial commitment beyond the loan repayments. Make sure you have the capacity to cover land, water rates, maintenance and repair costs. Tenants are entitled to repairs or replacements as quickly as possible under their rental agreement, so you will need to have the means to pay.
Apartments or units also come with body corporate fees, which can run to thousands in some modern complexes with professional landscaping and shared amenities, such as swimming pools.