Having insight into what is happening in property markets around the country can mean the difference between making hundreds of thousands of dollars over the life span of the investment or making very little at all.
The most common mistake that novice investors make is ‘following the pack’ and buying right at the top of the market. Somehow, it’s human nature to feel very comfortable doing what everyone else does and property investing is no different.
However, if the idea is to actually make money out of investing then there needs to be a strategic plan to achieve that.
Here’s my way of thinking: if I’m going to all the effort and expense to research and purchase an investment property, then it has to make a substantial amount of money over the next 10 years, otherwise, why bother investing at all?
There are some great places to invest right now in Australia that will give double digit growth in the first 12 months as well as better than 5% cash flow.
Where are these places?
I can tell you that these are very well researched areas that have not yet become ‘hot spots’.
There are clients buying in these locations right now for under $300k and they won’t need to wait 10 years to make a substantial amount of capital growth. These are the properties that really savvy investors seek out because they understand that a large and successful property portfolio can be built on these high capital growth and high yielding properties.
To pinpoint these areas set for growth takes detailed analysis and is not found in just one or two locations online. This information is not in the media and is based on live data, not historical, three month old data such as the information found on Corelogic RP Data.
Having access to dedicated, cutting edge software that shows where these growth locations are around Australia is the key to making accurate and informed decisions on where to buy these properties.
Safe and strategic investing will be the determining factor in building wealth through property in the next 3 years.