Investors are increasingly buying outside their home state, with the 2020 PIPA Annual Investor Sentiment Survey finding 41 per cent were weighing an interstate purchase in the year ahead. Canstar argued that local property managers remained an underused research source, because they process lease applications daily and can advise on tenant demand by dwelling type, street level appeal and realistic market rents. Speaking with two or three of them before buying was recommended.
Reported by
Isabella Shoard, Canstar Investor Hub, 13 November 2020
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