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How to find the next hotspot before everyone else

By Staff Reporter
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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 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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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%