How to find the next hotspot before everyone else

By Staff Reporter

Todd Polke, NSW head coach, Positive Real Estate

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First and foremost it's all about infrastructure. What you really want to understand is exactly what's going on in the area. What is going to drive continual growth in a certain location? You want to be asking questions like why do people actually want to live there, and why will people want to continue moving into this location and paying potentially higher prices? I also think it's really important to actually get out there and walk the beats and actually understand- get a feel for what's going on in the location. Because when you can walk down certain streets and get an absolute buzz for it, you can get a feeling that there's some movement in the market, there's a bit of culture in the market, there's a lot of activity going on. Those are they key things to focus on, get a feel for what's going on in the area and understand the infrastructure, infrastructure, infrastructure are going to be those keys that will drive growth in the location.

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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