Insights

Property investing: define the buyer and tenant audience first

A current evidence, cost and exit-liquidity framework for identifying an asset's audience.

Published 11 December 2021

Updated September 2026. This is a research framework, not investment or financial advice. Buyer and tenant pools vary by unit, price, location and market cycle.

Define the audience before choosing the asset

  1. Identify likely owner-occupier, tenant and future buyer segments.
  2. Test quantum, layout, schools, transport and employment access against that audience.
  3. Use current matched transactions and rental evidence, not project averages alone.
  4. Model vacancy, maintenance, financing, duties and exit costs.
  5. Stress-test a slower sale, lower rent and different buyer profile.

A broad target audience can support resilience, but it does not guarantee appreciation or liquidity. See the related expat-estate guide and obtain advice for your circumstances.