Gotta luv Nila Sweeney of the afr
She has been researching the property market and has identified that properties increased by over 10pc around Australia - with bank economists predicting further rises over the next 2 years.
Investors interest in property is rising and mortgages are being written
This is where The gurus are predicting
Scott Kuru, Freedom Property Investors
- Gold Coast: Surfers Paradise, Southport
- Perth: Baldivis, East Perth
- Melbourne: Eynesbury
- Sydney: Bankstown, Liverpool
Arjun Paliwal - InvestorKit
- Rockhampton (Qld): Wandal, Kawana
- Townsville (Qld): Berserker, Kelso, Condon, Kirwan
- Perth: Gosnells, Kelmscott, Carey Park
These areas all have median house prices below $500,000 - affordable , strong rental yields and low inventory yields - good indicator of growth
Kent Lardne - Suburbtrends
- Adelaide: Golden Grove, Eden Hills, Moana, Trott Park
- Mackay-Whitsundays (Qld): Glenella, Marian, Rural View
- Townsville: Bushland Beach, Bohle Plains, Mount Low
- Cairns: Redlynch, Brinsmead
- Perth: Caversham, Pearsall, Yangebup, Aubin Grove, Secret Harbour
- Brisbane: Eatons Hill
Terry Ryder, founder of property market research firm Hotspotting
- NSW: Shoalhaven local government area
- Sydney: Surry Hills
- Perth: Carey Park
Anissa Cavallo - EDA Property
- Melbourne: Melton South, Fraser - There’s a new hospital being built, household incomes are increasing strongly, and house prices are still affordable
Damian Collins - Momentum Wealth
- Perth: Bayswater, Clarkson, Mandurah - cheap , accessible , station , close to city
9 Things to look out for when buying a property
- Area with strong demand, with rising population - need for housing
- demographics - find Affluent residents are less likely to default on rent payments, m
- Close to commercial centres - with a diverse and growing local economy
- Close to infrastructure such as schools, parks, public transport
- Strong rental yield of more than 4.5 per cent
- Low vacancy rates
- Affordable
- Limited amount of land to avoid potential oversupply in the future.
- Get a loan when interest rates are high - so you know you can afford the property . When interest rates decrease, you will have additional funds to pay off the property faster.
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