Price relative to comparable sales
Start with recent comparable sales, not the developer's price list or the vendor's expectation. Adjust for land, size, condition, parking, views, orientation and other material differences.
Tenant appeal
Think like a tenant: transport, shops, schools where relevant, employment access, natural light, storage, parking, layout, heating/cooling and ongoing utility costs.
Owner-occupier appeal
A broad resale market can matter when it is time to exit. Features that appeal only to investors may limit future buyer depth.
Ongoing costs
Body corporate, land tax exposure, insurance, maintenance, property management and rates can materially change net yield.
Build quality and defects
Independent inspections are important. For apartments and townhouses, review body-corporate or owners-corporation records, capital works and known defects.
Competing supply
Large amounts of similar stock can affect rents, vacancy and resale competition. Look beyond today's listings to the development pipeline.
Use a checklist
NPIS uses a transparent 30-point property-selection checklist covering market demand, supply, price, rent, property quality, finance and exit risk. You can use the same checklist whether or not you buy through NPIS.