How to find the best investment location
podcast

How to find the best investment location

Damian Collins

Damian Collins, Momentum Wealth

{{youtube id="GOU2bBvqBMI?list=PLZWLiY_OqG3NVFkLd9O_jexF9TKb0NWXd"}}

How to find the best investment location.

The things I look at for a hot spot are things that are going to improve the value of an area not only short term but in the longer term. So I'd be looking at; is there any major infrastructure that is going to come to that area that's going to improve the accessibility of amenity that's going to drive people to that particular location? I'd also be looking at population growth. Is there any industries in that town or city that's going to drive a lot of people to come and work at that particular location or city? And certainly some other things to be thinking about include; is there going to be a lot of supply? If there's a lot of supply coming into that area then I wouldn't necessarily rank it a hot spot. But one thing I always caution investors of is don't always be necessarily chasing the hot spot that's hot tomorrow. We've seen that in mining towns. A lot of people chased what was the hot spot and everyone wanted to get into Port Hedland, Karratha, Gladstone, some of these Queensland regional towns and a lot of them really burnt themselves and they're now finding that their properties have dropped anyway from 20-30% in some cases! and rents are down a long way. So when I look for a hotspot, it's not just what's hot today, it's what's hot for the next 20 years because that's how you make money long term in property.

Listen to other instalments of The Smart Property Investment Show:
Episode 106: How ice addicts potentially ruined an investment
Episode 105: New podcast: Investor reveals the opportunities for migrants in Australia
Episode 104: New podcast: Q&A session with Paul Glossop – more questions answered!
Episode 103: Special Episode: Phil and Munzurul talk steering the growth and development of portfolios by managing cash flow
Episode 102: Investor reveals how to find the perfect property manager
Episode 101: From 12 to 100 properties – how this investor will achieve his goals
Episode 100: Property investor talks research, teamwork and balance in his portfolio
Episode 99: Portfolio update: SPI opens its books to reveal all the nitty-gritty details
Episode 98: Buyer's agent forecasts what’s to come for Aussie property market
Episode 97: ‘How we achieved financial security through property’ – the Property Twins reveal all
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BERKELEY VALE 46.03%
2.
EDGECLIFF 45.06%
3.
PAMBULA 43%
4.
EAST LISMORE 41.38%
5.
SOLDIERS POINT 37.89%
How to find the best investment location
SPI logo