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 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
Episode 56: The SPI Show accountant reveals all: How to pick your financial team
Episode 55: The reluctant property investor: How necessity drove an 18-property portfolio
Episode 54: The SPI Show Q&A: Listener questions answered honestly
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
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