The suburbs which are most likely to experience a bump in values soon have been revealed by a market expert.
RE/MAX WA managing director Geoff Baldwin has urged investors to stop following the leader and buying in suburbs which have already appreciated in value. Instead, he said they should look to neighbouring suburbs which are yet to experience the bounce in prices.
“Investors and home buyers should be looking at similar nearby suburbs to optimise their opportunities for capital growth and profits,” he said.
“There can be a big future in poor neighbours.”
Mr Baldwin shared some examples of high-performingsuburbs – based on annual price growth – with poor neighbours that are set to increase with a market bounce.
“When the market rebounds, there is every chance these suburbs will increase in value much more than those that have already run their race,” Mr Baldwin said.
“There are at least a dozen more examples that can be found with a little research.”