Just a few things I'd appreciate people's opinions and thoughts on. I see many times repeated on this forum about what not to buy, no grey areas, it always seems to be an absolute no. I'm not disputing these opinions nor am I thinking about it in relation to any particular property, I'm just curious as to whether sometimes it may be a yes and looking for some discussion on the items below:
1. Never buy on a main road - If a property ticks all the boxes but is on a main road. If you buy at a discount due to the main road, then you sell at a discount due to the main road, you could potentially receive the same capital growth % over the period?
2. Never buy a ground floor apartment - Mainly due to security is my understanding. What if it's in a nice suburb where crime is less of an issue, and the apartment has good security? What if there is a nice courtyard and the building has stairs. I'd have thought this would be a benefit, and I can say from experience at work that people sometimes are specificially looking for ground floor.
3. Land content is highly important - Obviously this is true if it can be redeveloped or subdivided, however for just a buy and hold strategy, is land content really that important? I guess I'm thinking along the lines of a similiar topic being discussed at the moment in another thread of unit/apartment vs. house.
4. Buy close to a train station - Important if you're buying in an area where many residents perhaps work in the CBD, but is it really that important for outer suburbs where many probably don't work in the city and drive to work? I'm thinking areas like Frankston where I'd be terrified to live near the train station, or Lilydale, where the area around the station isn't that desireable.
Like I said, not here to argue any of the points, I'm just interested in what people think. Are there times you should consider outside of these, what appear to be 'rules' for property investing?
1. Never buy on a main road - If a property ticks all the boxes but is on a main road. If you buy at a discount due to the main road, then you sell at a discount due to the main road, you could potentially receive the same capital growth % over the period?
2. Never buy a ground floor apartment - Mainly due to security is my understanding. What if it's in a nice suburb where crime is less of an issue, and the apartment has good security? What if there is a nice courtyard and the building has stairs. I'd have thought this would be a benefit, and I can say from experience at work that people sometimes are specificially looking for ground floor.
3. Land content is highly important - Obviously this is true if it can be redeveloped or subdivided, however for just a buy and hold strategy, is land content really that important? I guess I'm thinking along the lines of a similiar topic being discussed at the moment in another thread of unit/apartment vs. house.
4. Buy close to a train station - Important if you're buying in an area where many residents perhaps work in the CBD, but is it really that important for outer suburbs where many probably don't work in the city and drive to work? I'm thinking areas like Frankston where I'd be terrified to live near the train station, or Lilydale, where the area around the station isn't that desireable.
Like I said, not here to argue any of the points, I'm just interested in what people think. Are there times you should consider outside of these, what appear to be 'rules' for property investing?