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 89: Renovating as a couple: two young investors share their story
Episode 88: Everything you want to know about the short-term rental market revealed
Episode 87: BONUS EPISODE: Former Olympian shares his property development know-how
Episode 86: How a former Olympian found new sport in property development: Ed Fernon's success story
Episode 85: Q&A session with Paul Glossop – more questions answered!
Episode 84: 'How I overcame dodgy builders to manufacture $100k in equity in less than a month'
Episode 83: BONUS EPISODE: Top Aussie broker’s tips for surviving changes to mortgage lending
Episode 82: The investment strategy that could allow this 32-year-old to retire TODAY
Episode 81: BONUS EPISODE: Secrets of the Perth market uncovered: invest now or wait?
Episode 80: Q&A session: SPI answers all your burning questions
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