Property market update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
Investors need to take care when relying on building announcements and new developments before diving into an investment, according to a property expert.
Infrastructure, shopping centres and similar developments are often reactive, said investor, director and location researcher for wHeregroup, Todd Hunter.
This means that often the population, and significant property price growth, has occurred prior to the development occurring, and investors may have missed the boat.
“I can name a number of places that have performed well and are doing the infrastructure after the population is there,” Mr Hunter told Smart Property Investment.
“It’s a reaction to people having moved there,” he said.
However, he explains, there may be some growth left in the area and it shouldn’t be ruled out completely.
Instead, investors can learn from these areas and refine their strategies to pick up on earlier forecasts and indicators to catch these hotspots at their lowest point.