podcast

How to identify future growth areas

How to identify future growth areas
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Margaret Lomas, Founder Destiny

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A lot of people won't buy in an area that the locals don't favour, and in all cities and regional areas we always have suburbs that aren't quite as favourable for the locals to live in.  Areas that may have slightly higher crime rates, a lower socio-economic group and very often we won't buy there. One of the things to know about those kinds of areas is that sometimes the ugly duckling can become the beautiful swan in the future. But not all ugly duckling areas grow into that beautiful swan. You need to look for the growth drivers. You need to look for growing population, gentrification and a council that's spending money on infrastructure. If you have that, then the area is one of those ugly duckling areas you can pretty well expect that in the future it's probably going to return you a good return and grow into a much better suburb in the future.

Listen to other instalments of The Smart Property Investment Show:
Episode 53: 6 properties in 2 years: how this investor is achieving his goals
Episode 52: Will property prices fall? When? And by how much? What investors need to know
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
Episode 50: 8 properties by 25: Former housing commission kid reveals how he changed his life and created wealth
Episode 49: How to build a sophisticated multi-property portfolio
Episode 48: ‘From just $2,000 in my pocket to 6 properties’
Episode 47: The SPI Show answers more listener questions: Special episode
Episode 46: 4 properties by 24 – how to build a portfolio without sacrificing fun, travel or food
Episode 45: Special guest Mark Bouris on what really makes property prices rise and when to invest
Episode 44: ‘11 properties by 31, now I’m stuck: What’s next?’
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Highest annual price growth - click a suburb below to view full profile data:
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FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%