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THERE IS NOW A QUICK AND ACCURATE WAY TO CHOOSE BOOM SUBURBS

By hotspotcentral.com.au

PROMOTED BY HOTSPOTCENTRAL.COM.AU

By Michael Fuller, Hotspotcentral.com.au

Recently, we explained how six year old Olivia picked her 2014 investment hotspots, that two years later had grown in value on average 40.97% for houses and 32.82% for units, and shared a free Cheat-Sheet: ‘8 Signs A Suburb’s Property Prices Are Set To Soar’.


In this article, we will introduce the free technology over 13,970 investors - and little Olivia - have been using to pinpoint the best growth suburbs with remarkable scientific accuracy. We will show you how to access this free tool, and explain how to use it to find investment suburbs that match your budget and strategy. Make sure you also download this free Cheat-Sheet: ‘8 Signs A Suburb’s Property Prices Are Set To Soar’ as it shows you what is behind this technology ... how each suburb in Australia is measured on very objective supply and demand indicators to calculate their 'capital growth score', also known as the DSR BoomScore™

Property data moves first, and media headlines follow.

Look at some of the mining towns in 2015, e.g. Moranbah. Those that responded to data decline late, waiting for media headlines to get them moving, regret it now.

The investor who has the data … tracks it … and responds in time, wins.

Little Olivia didn’t spend vast time and skill collating these (pictured) 8 property stats to calculate the ratio of demand to supply, and therefore growth potential, for over 30,000 markets (units and houses) to produce her winning suburb predictions. It took her minutes, thanks to a free app, Boomtown.

If a six year old can do it, so can you. Here’s how.

Access boomapp.com.au and select ‘Hotspot Finder.

She asked Hotspot Finder for a suburbs list based on (see picture):

  1. A DSR (Demand to Supply Ratio) BoomScore™* of 30 to 48, bringing back over 500 results.

She could then have narrowed the search by:

  1. State or
  2. price range and/or
  3. a combination of only houses or only units.

*The BoomScore™ ranks suburbs based on capital growth potential:

  • 48 = high probability of imminent capital growth
  • 24 = theoretical supply-demand balance
  • 0 = high chance of price decline due to over supply/low demand.

The result was 65 suburbs, sorted by high to low BoomScore.

Her 2014 predictions grew in value by 40% in two years, as audited by an independent data analytics company.

Get your FREE Cheat-Sheet on how to:

  • find the 8 proven indicators of growth potential
  • analyse this reliable data with ease
  • understand the ideal scores for each statistic
  • choose top locations from 15,000+ suburbs.

But … what’s the point of getting an average 30% or 40% growth in median values across 50 suburbs? You’d have to own every house in all 50 suburbs. With limited funds, shouldn’t you buy the best house … at the lowest price … on the best street?

The property data represents the average property in a suburb. If a suburb grows by 20% one year, that means the average price in the suburb increased by 20%. Your property might grow by 30% because it’s better than average.

The magazine lists are great but you still need to be able to pick a suburb that meets YOUR budget and strategy.

Searching the data behind these lists isn’t currently possible, so whittling 50 suburbs down to 10 super suburbs is challenging. Conducting detailed research on 50 suburbs is not practical either.

Unlike Olivia, who generated her list based solely on capital growth potential (overall DSR BoomScore), you might refine your search more.

Say your budget is $700,000 to buy, renovate and sell to an owner-occupier. You would still use Boomtown to search 15,000+ suburbs.

You could choose a particular locality if you would like to be nearby, e.g. check stats on 10 suburbs within 20 kms of you.

You’d set the ‘Hotspot Finder Advanced Search’ like this:

  1. Choose advanced search
  2. Apply filters for state, price range, units or houses.
  3. Customise the search by statistic:
    - Days on Market – properties should be selling quickly, so you can too.
    - Stock on Market – there must be good stock available (and high demand) so you can find a renovation property.
    - Vendor Discount – should be low so you don't have to discount to sell.
    - Online Search Interest – lots of people should be searching to buy in this area.
    - Renters vs. Owners – good levels of owner-occupiers – your target.

Your search could filter out 80% of suburbs that might make the top 50 on capital growth potential. You would then manually compare the remaining suburbs and choose the best to meet your strategy.

In 10 minutes, you would have checked data from multiple internet sources including Domain.com.au and Realestate.com.au … for over 30,000 markets … based on YOUR budget and YOUR strategy.

If your strategy was a basic ‘high capital growth with solid rental yields’ and you were prepared to dig deep into the fundamental capital growth drivers for each suburb, you can be certain you too would beat the market average and its experts.

And to think we’re just talking about these 8 signs a suburb’s property prices are set to soar and a little free app called Boomtown. We’re confident they will change the way you conduct your suburb research for ever!

 

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  ["title"]=>
  string(51) "Boost for investors as app sets up off-site bidding"
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  string(55) "boost-for-investors-as-new-app-sets-up-off-site-bidding"
  ["introtext"]=>
  string(144) "

Property investors are now able to identify and bid on auctions remotely using a new live-streaming functionality launched by Gavl.

" ["fulltext"]=> string(1540) "

Called “Request an Auction”, the new functionality enables users to watch and bid on any Sydney or Melbourne auction remotely.

Through Gavl, prospective buyers are now able to register to bid on their preferred auction. The platform will obtain permission from the listing agent and confirm within 48 hours.

Vendors can also request to have their auctions broadcast to a larger buyer audience.

Co-founder Joel Smith said that auctions streamed on Gavl attract 47 per cent more viewers than traditional ones.

He said that Request an Auction will be valuable for remote buyers.

“Buyers are able to have Gavl attend any auction they nominate, so they will never have to miss out on an opportunity due to logistical complications in physically attending the auction.

“Vendors, too, have the opportunity to directly book an auction with us, so they can open up their event to buyers all around the world. With more potential buyers, they’re giving their property the chance to receive more bids and maximise their sales result.”

Mr Smith said that prior to the Request an Auction app, buyers were limited to what they could achieve through the Gavl technology.

Gavl is a live-streaming and bidding platform for real estate auctions.

Mr Smith said that it has streamed more than 6,000 auctions, which have achieved 3.5 million views from 50 countries.

Gavl’s Request an Auction function is currently being offered in Melbourne and Sydney only.

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Boost for investors as app sets up off-site bidding
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  ["title"]=>
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Having to split her time between Hong Kong and her original base of Sydney has not slowed Julia Tita’s goal of building a high-performance Australian property portfolio. Instead the resulting alterations to her strategy have positively impacted her investing success.

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Having recently purchased her 6th property, Julia joins host Tim Neary to discuss her journey, share her ups and downs over the years, and reveal her thoughts on why some properties are better than others.

Julia also explains why she no longer makes a move without the help of a buyer’s agent, why working with a strong team of specialists is extremely important and discloses her long-term property ambitions.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

RELATED AREAS OF INTEREST:

Why is Australian property so unaffordable?
Brisbane infrastructure attracts international interest
Going global
Australia desirable to foreign investors

AREAS MENTIONED:

Eagleby
Charters Towers
Townsville
Brisbane
Paddington
Sydney
Orange
Melbourne 
Glen Iris
Bondi

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How a move to Hong Kong impacted Julia’s Australian property goals
object(stdClass)#1194 (52) {
  ["id"]=>
  string(5) "18159"
  ["title"]=>
  string(88) "‘Common’ referrer practice of being paid on both sides of the fence coming to an end"
  ["alias"]=>
  string(82) "common-referrer-practice-of-being-paid-on-both-sides-of-the-fence-coming-to-an-end"
  ["introtext"]=>
  string(246) "

The practice of property investment firms sharing undisclosed kickbacks among the supply chain involved in development sales will be outlawed in NSW on 1 July this year under the Real Estate Reform being handed down by regulators in NSW.

" ["fulltext"]=> string(2238) "

Property commentator and valuer, Suburbanite’s Anna Porter, said the reform will address conflicts of interest.

She said they arise when a mortgage broker, accountant or financial planner receives part of the commission from the property firm, who receive their fees from the developer or seller.

“This puts the broker into a position by which they are being paid on both sides of the fence,” she said.

“Until now this has been a grey area and there was nothing stopping this practice.” 

Ms Porter said this has been a common practice in the industry.

"Some well-known mortgage broking firms openly admit to receiving $5,000–$10,000 per referral in their pocket.”

She also said this process has been going on for decades.

"Property investment firms commonly pass some of their commission on to the mortgage broker, accountant or financial planner as a reward to them for passing on the referral. This means that many brokers or financial service providers are making significant amounts of money just to refer on to a property firm, often totalling hundreds of thousands of dollars a year," Anna Porter said.

Ms Porter said the Property, Stock and Business Agents Amendment (Property Industry Reform) Bill 2017 will be in force from July this year, and will prohibit this practice unless the broker or referring partner also holds a real estate industry license.

"Under the new laws, if the broker takes a referral fee from the property firm, they will have to be a licensed real estate agent and also hold a corporation’s license,” she said. 

“Subsequently, every transaction that they receive a referral fee from, they will be putting their license up against the transaction and taking full liability for the conduct, practices and outcome of that transaction, even if they have little to do with the transaction; they are a party to it financially and therefore take as much risk as everyone else in the transaction.”

Mr Porter said where a referrer holds a real estate license, and receives a part of the sale commission, they may find themselves in breach of the ethical requirements under the act.

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‘Common’ referrer practice of being paid on both sides of the fence coming to an end

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