The choice of location is by far one of the most important considerations in property investment. Properties which are close to public amenities such as transport, hospitals, shops, local attractions such as beaches, ocean fronts, parks, cafe and restaurants will usually attract both owner-occupiers and renters alike.
However, your needs and preferences as an owner-occupier may differ vastly from the needs of a tenant. One way to determine the location of your property is to ask yourself whether you are buying the property as your principal place of residence (PPOR) or as an investment. Putting yourself in the prospective tenant’s mindset will also provide good insight as to the type of property and its location.