The government’s announcement that immigration will increase by around 400,000 people for the financial year 2023 demonstrates a long-term demand for housing and represents an incredible opportunity for savvy investors.

Investing in real estate can be lucrative, however it requires careful planning, thorough research and a quality build that will ensure your investment stands the test of time…and tenants.

At Oreana Homes, we’ve helped many investors build their property portfolio and have developed the following tips to help would-be investors navigate the housebuilding space.

LAY THE RIGHT FOUNDATIONS

While location, affordability, housing type and return yields are the cornerstones of a good investment, choosing a builder who understands investor needs is crucial.

Oreana Homes continues to focus on delivering quality housing in greenfield locations, predominantly catering to the growing demand for investment and first home buyer properties.

With its proven track record of delivering high-quality homes, quickly, Oreana Homes is well-equipped to assist investors in swiftly realising returns on their investments.

REALISING RENTAL RETURN

Good design and a functional layout of the property is imperative as it sets the tone for the rental value.

Investors should consider the target market and tailor the design accordingly. For example, if your target is families, an additional bedroom or living area would be a worthwhile inclusion, while if you’re looking for empty nesters you might consider a study or a designated work from home space.

Optimise the use of space and include appealing features such as storage, a lock-up garage, well equipped kitchen, home automation and security systems, to help attract potential tenants and command higher rental returns.

DOUBLE-DOWN ON DURABILITY

To minimise the need for continuous upkeep and repairs, choose durable materials that will withstand the elements, and your future tenants.

Opt for solid and weather-proof cladding and invest in quality sliding entry doors, aluminium windows, hard-wearing carpet, and ceramic tiles. Reputable appliances will also help boost rental returns. Our team are happy to assist and recommend preferred selections.

ENSURE ENERGY EFFICIENCY

Oreana Homes always builds to a six-star energy rating.

This not only benefits the environment, but also appeals to tenants by reducing utility bills through superior insulation, low voltage lighting, and efficient heating and cooling systems.

It is also worth considering some of the smart decisions you can make early on that can save energy – including the physical position of your home to take advantage of passive heating and cooling as the sun moves. This can help you pick a block and home that works harder for you.

STOCK-UP ON STORAGE

Adequate storage is always in demand.

Ensure your property offers sufficient storage options, such as built-in wardrobes, linen cupboards, and functional kitchen cabinetry.

Providing ample storage space enhances the property’s functionality and appeal to tenants.

MINIMAL MAINTENANCE

Investors and tenants appreciate properties with low maintenance requirements.

Incorporate easy-to-clean tiles as well as drought-resistant landscaping to minimise upkeep.

Consider concrete paved external entertaining areas, which are practical, visually appealing and require minimal maintenance.

DON’T FORGET DIGITIAL

In the digital age, internet connectivity is essential.

Oreana Homes always ensures investment properties are NBN-ready, making it easy for tenants to connect to high-speed internet services.

This feature adds value to your property and attracts tech-savvy tenants who are seeking a reliable internet connection.

THE OUT-TAKE

A well-built and well-maintained investment property is more likely to attract quality tenants, ensuring a steady income stream and long-term profitability.  

Choosing the right building materials, home design and inclusions makes maintenance easy, while boosting your chances of finding and retaining good tenants.