What property are you looking for?

It is easy to do a search using the major real estate portals and find some interesting real estate that you could buy but this stage of the process is focused on understanding the different categories and the risk/reward associated with them.

The property search and discovery phase highlights ideal properties which you will then need to make a decision on. Your decision could be based on many different factors, including:

Market performance expectations
Condition of the property and repairs and maintenance
Whether you want to renovate or update it
How value can be added to the property
Your borrowing and servicing capacity
Tax considerations & depreciation

Many property buyers will begin to understand what they really want at this stage despite their original expectations.