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 70: SPI special episode: buyer’s agent answers more listener questions
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
Episode 64: How this investor learned from a property blunder
Episode 63: Q&A session: the SPI team answers your questions
Episode 62: Property procrastination: the importance of finding help
Episode 61: The ins and outs of strata: what buyers should consider
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Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%