Rich Harvey

Sydney's got a vacancy rate of about 1.2.

Some of the regional areas almost have a 0.1% vacancy rate.

So that doesn't always last that way.

So look for the vacancy rate and the long-term vacancy rate is a key.

There's also got to be a range of industries supporting the economy in a local area.

So you can go out to mining areas and get very, very high cash flow, but you might find that the capital growth might be lackluster or very volatile.

So I look for really sustainable yields and sustainability

rentals.

The other thing I look for is for properties that have got the ability to add value.

I look for the ability to do, say, a renovation project or particularly to add value like another bedroom or extend the property, an extra living room.

But the things that drive the gain is scarcity.

So I look for properties that have got good land content, good proximity to those amenities, and an area that's tough to buy in.

So you want low days on market, you want strong internet demand,

you really want to know that there's a range of owner occupiers that want to move into those areas.

So I've actually got around 20 different criteria that's on my website that I apply to each of these asset selections.

But it is important for investors to get a balance between both of those things.

Yeah, great question, Amy.

First thing I would do is if your property is showing lackluster performance, then do a performance review.

Just like if a staff member is not performing, do a performance review.

It's something you should even do regularly on a 12-monthly basis.