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Number one mistake investors make when looking for a hotspot

Number one mistake investors make when looking for a hotspot
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Cameron Kusher, Senior Research Analyst, RP Data

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The common mistake people make when looking for a hot spot is discovering the hotspot too late. The goal of a hotspot is to find a market that's going to see that capital growth earlier than it's actually showing that level of capital growth. So it's really understanding what's going on in that region, what's going to be driving the economy, what the housing supply situation is and what the future housing supply situation is and how that may or may not impact on house prices over the future.

Listen to other instalments of The Smart Property Investment Show:
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
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
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