Choosing the right rental property starts with location. Look for areas with strong demand, good schools, transport access, and nearby amenities, as these factors help maintain occupancy and rental value. Study local market rents so you don’t overpay and can still generate positive cash flow. Check the property condition carefully — older homes may be cheaper but can bring higher maintenance costs. Review strata rules, zoning, and any rental restrictions before buying. Think about your target tenant: families, students, or professionals, and choose property type accordingly. Run the numbers, including taxes, insurance, repairs, and vacancy allowance. A good rental property is not just affordable — it’s sustainable, rentable, and aligned with your long-term investment goals.