The motivation behind an investment property is to buy an income-producing asset to provide you with an ongoing income stream - ie: rental income, tax deductions and ultimately a significant increase in your 'net worth' - ie: capital growth

That's why there's no room to get emotional! Forget about how 'lovely' the property looks, your main concern is the bottom line: how much it will cost you and how much it can make.

Savvy investors don't buy a property around the corner and hope it brings good returns. They do their research and buy where the potential is greatest....

 Some property criteria you may consider in deciding the best investment property for you:

• It must be new to qualify for full depreciation allowance.
• Choose a high growth area.
• Excellent transport facilities and close to schools.
• Good valuation.
• Spacious in area, inside and out.
• Approved by Banks and Insurance Companies.
• Low maintenance building and grounds.
• High capital growth potential.
• Close proximity to shopping centres.
• High negative gearing advantage.
• Reliable property management.
• High employment area.

Please review these articles for further tips and information on investing in property!

• Tips on How to Start Property Investing
• Investing in Property
• So What is the Prediction for Property Prices In 2010?
• Main Residence - Exemption from Capital Gains Tax
• The Tax Time Puzzle: What can be claimed if you own an investment property
• DIY Regional Spotlight: Your location research tool kit
• Industry Insight: Why residental property outperformed other asset classes