🎧 EP 277 - Where Should You Buy When Rentvesting?

If you're looking to rentvest as a first home buyer, the most important decision you'll make is where you buy.

Because this property needs to do more than get you into the market — it needs to perform.

In this episode, Veronica and Meighan break down how to choose a location that actually supports your long-term plans, and where first home buyers often go wrong when making this decision.
Here's what we cover and why it matters:
 
🏡 Why location matters more when you're rentvesting

When you're buying your first home as an investment property, location becomes the main driver of your results. Unlike a home you live in, this property's primary job is to generate capital growth over time. That growth is what builds equity and gives you flexibility later—whether that's upgrading into a home, investing again, or adjusting your strategy.

A strong rentvesting strategy starts with understanding that not all locations perform equally. Two properties at the same price point can deliver very different outcomes depending on where they're located. This is why choosing the right suburb isn't just one part of the decision—it's the foundation of it.

⚠️ The common location mistakes buyers make

Many first home buyers approach this decision by focusing on what feels accessible or familiar. That might mean buying in a suburb they already know, choosing the cheapest option available, or following areas that are getting attention online.

The problem is, these signals don't always align with performance. A low price doesn't automatically mean good value. A familiar suburb doesn't guarantee growth. And "popular" locations can sometimes be driven by short-term trends rather than long-term fundamentals.

In this episode, we walk through how these mistakes show up in real decisions—and how to avoid locking yourself into a property that limits your future options.

📈 What actually drives long-term property growth

If you're wondering where to buy an investment property as a first home buyer, the answer comes back to fundamentals.

We break down the key drivers of growth, including:
- Access to employment hubs and economic activity
- Established infrastructure and transport links
- Population growth driven by demand, not oversupply
- Owner-occupier appeal and liveability
- Scarcity of quality properties

These factors influence how a suburb performs over time. Instead of relying on opinions or "hotspot" recommendations, understanding these fundamentals gives you a more reliable way to assess different locations.

⚖️ Balancing rental demand with capital growth

One of the biggest traps in rentvesting is over-prioritising rental yield. A property that rents quickly or delivers strong short-term returns can look appealing—especially when you're trying to manage cash flow.

But rental demand alone doesn't guarantee growth.

In this episode, we explain how to balance tenant demand with long-term capital growth. The goal isn't to ignore yield, but to make sure it doesn't come at the expense of performance. A well-chosen property should do both—attract tenants and grow in value over time.

🌏 Should you buy locally or look interstate?

For many first home buyers, buying locally feels like the safest option. You know the area, you understand the streets, and it feels easier to make a decision.

But familiarity can also create blind spots.

If your local market is expensive or limited, you may end up compromising on quality just to stay within budget. In some cases, looking interstate or in different regions can open up better opportunities—as long as you approach it with the right research and due diligence.

We talk through how to think about this trade-off and what to consider if you're expanding your search beyond your immediate area.

🏢 Houses vs units—what should you prioritise?

The question of investing in units vs houses comes up often for first home buyers, especially when budget is a constraint.

Generally, houses are associated with stronger long-term growth because of the land component. Units, on the other hand, can offer a more affordable entry point into the market.

But the decision isn't as simple as choosing one over the other.

A well-located unit with strong demand and limited supply can outperform a poorly located house. In this episode, we explain how to think about property type in context—and why location and quality matter more than the category alone.

🧠 Why there's no "perfect suburb"

Many buyers spend months trying to find the best suburbs for investment property, hoping there's a clear answer that removes uncertainty.
But property doesn't work that way.

There is no single suburb that ticks every box, and no shortcut that guarantees the right choice. Instead of chasing perfection, we show you how to build a repeatable process for assessing locations.

That means understanding what drives growth, knowing how to compare options, and having clear criteria to guide your decisions. This approach not only helps you choose your first property—it sets you up for every decision that comes after.

🎯 By the end of this episode, you'll have a clearer way to evaluate where to buy—so your first property supports your next step, not limits it.
Episode Highlights:
01:50 - Why Location Matters More Than You Think
02:38 - Rentvesting Explained Simply
05:01 - The Biggest Location Mistakes Buyers Make
06:29 - Why Cheap Property Can Cost You More
09:06 - Why There's No "Hotspot" Answer
11:06 - What Drives Long-Term Property Growth
15:54 - Tenant Demand vs Growth: Getting the Balance Right
18:31 - Should You Buy Local or Interstate
22:00 - How to Do Due Diligence Anywhere
23:27 - Houses vs Units: What Actually Matters
26:21 - The New Build Trap Explained
27:17 - Timing the Market vs Choosing Location
28:16 - How to Choose a Location Step by Step
30:27 - Who Rentvesting Is Right For
31:59 - Risks, Buffers, and Long-Term Thinking
35:07 - Final Thoughts and Next Steps
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Learn how to buy your first home without making avoidable mistakes.
  Co-Founders

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.