o Easy access Is the unit close to lifestyle areas or within walking distance of cafes, shops and beaches?
o City location Is the unit in a densely populated region such as a capital city or major regional centre?
o Uniqueness Is the property in a large complex with hundreds of properties or is it more unique?
o Parking Does the apartment have a lock up garage or a car space?
o Renovations potential Is there any potential to freshen up the unit’s look and will the strata allow a reno project to go ahead unhindered?
o Good rents
Does your research suggest similar apartments in the area get good rental returns?
o Internal size If it is a one bedroom unit, is it at least 50 sqm? If it is two bedrooms is it at least +75 sqm? If it is three bedrooms or more, is it larger than 120 sqm?
o Body corporate fees Does the owners corporation charge high maintenance fees and does this include expensive services such as lifts?
o Proximity to transport Are their train or tram stations as well as permanent bus routes nearby?
o The floor plan Is the layout of the unit practical and useable? If it’s a small unit, is it open plan?
o Acoustics Will sound travel easily throughout both the unit and complex or will noise be contained?
o Laundry Is their a shared laundry facility or does the unit have its own?
o The view Is what tenants will see out their windows everyday appealing or at least neutral?
o Construction Is the outside made of good quality brick or a cheap, easily degradable material?
o Privacy Will the unit provide tenants reasonable enough privacy not to restrict what they can do in their private lives?
o Extras Does the unit have extra features such as a private balcony or an outdoor area?
