Viable property investments offer strong capital growth and reliable rental returns. However, where do you find them? Let’s start with the world’s most liveable cities identified in a recent global survey.
A survey by Mercer has announced the world’s most liveable cities, in the 2018 Global Quality of Living survey. Austria’s capital, Vienna, secured the number one spot, however all Australian cities rank in the top 40, with Sydney taking tenth place. In terms of property, it makes sense that if you invest in a city that’s highly liveable, you stand to reap the rewards.
What, exactly, makes a city eminently liveable? Categories from the Mercer survey include highly rated social and economic environments, education facilities, public services, transport, recreation options and the natural environment. Fortunately for Australians’, these are characteristics of our major cities, with the following on offer for property investors.
Sydney’s lifestyle appeal contributes to the city being one of the world’s most liveable.
Stable population growth
The most liveable cities are always moving forward, creating new opportunities for residents across all areas. It’s no secret that property investment in growing suburbs, increases your chances of long-term gain, as the areas that consistently attract tenants.
In-depth analysis is needed, to determine stable growth population, however suburbs of major capital cities tend to outperform the averages. Factors to look at include available supply and existing demand, rising rental yields, government proposals for new infrastructure, gentrification potential, demographics and prices over time.
Reliable rental returns are more likely, when you invest in an area with immediate access to existing and growing employment opportunities. In terms of the ‘livability’ factor, the world’s top cities provide ample work for residents in a wide variety of industries. Growth suburbs, in particular, attract families and professionals looking to rent, as jobs continue to open up with the demand of new infrastructure.
Health and Education Facilities
In order to appeal to a wide range of tenants with an investment property, access to health and educational facilities is important, as key characteristics of the most liveable cities. For example, families with small children consider school zones and the nearest hospitals, students choose to locate close to major universities and both industries offer high employment opportunities for professionals.
Efficient public transport systems are a key factor of liveable cities.
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Ease of transport
Top liveable cities offer an array of transportation options that are efficient, cost-effective and readily available. In terms of investments, areas that promote public transport, with homes in easy reach of bus and train stops, are always highly sought after. Walkability is another factor and an attribute of many growth suburbs. The ability to walk or cycle to cafes, shops and recreational facilities, via dedicated foot and bike paths, has broad lifestyle appeal.
When you look at some of the highest ranking cities from this year’s Mercer survey, such as Vienna, Auckland, Sydney and Melbourne, they’ve all got one very important factor in common. Lifestyle. Whether that’s access to beaches, mountains, adventure activities, sports, world-class shopping, dining or theatre, fantastic recreational options mean people will always flock to live nearby.
When you’re looking to invest in property to generate multiple streams of income, DPN specialises in helping you determine which location is best, with our stringent property selection criteria. Talk to us today, to find out more.