http://au.lifestyle.yahoo.com/b/sunrise/12015/hot-properties-with-future-proofing
New method discerns hottest property
- Method uses mix of demand and planning factors
A new method of finding the hottest suburbs for real estate tells users where to buy based on more than just sales growth.
This shows not just the properties that are good investments, but those in areas that are in high demand where there might also be a scarcity of properties.
Australian Property Monitors and Smart Investor Magazine have released new research using the method that lists the following hottest suburbs in Australia to buy property.
There are 16 suburbs in all, two in each state and territory (click the suburbs to see their location):
QLD
o Auchenflower, Qld
o Carina Heights, Qld
NSW
o Erskineville, NSW
o Manly Vale, NSW
ACT
o Braddon, ACT
o Watson, ACT
VIC
o Coburg North, Vic
o South Melbourne, Vic
TAS
o Devonport, Tas
o Howrah, Tas
SA
o Camden Park, SA
o Greenacres, SA
WA
o Craigie, WA
o East Perth, WA
NT
o Moulden, NT
o Woolner, NT
Nicole Pedersen-McKinnon from Australian Property Monitors and Smart Investor says that property in these areas is a good buy right now based on what’s happening to the market there.
Nicole says despite many properties going backwards in value, there are suburbs around Australia that are set to experience significant price growth.
The power factor
For the first time, this research combined normal property measures like rental prices and price growth, with supply and demand factors, such as 'the number of days a property has been on the market' and 'the number of properties on market'.
They took this even further by selecting only suburbs with a "power" factor - such as planned new infrastructure or a surge in online searches - that will give prices that extra boost.
These are all steps buyers can take themselves when researching property to get a better idea of the property’s potential return.
More info
www.afrsmartinvestor.com.au – Australian Financial Review
New method discerns hottest property
- Method uses mix of demand and planning factors
A new method of finding the hottest suburbs for real estate tells users where to buy based on more than just sales growth.
This shows not just the properties that are good investments, but those in areas that are in high demand where there might also be a scarcity of properties.
Australian Property Monitors and Smart Investor Magazine have released new research using the method that lists the following hottest suburbs in Australia to buy property.
There are 16 suburbs in all, two in each state and territory (click the suburbs to see their location):
QLD
o Auchenflower, Qld
o Carina Heights, Qld
NSW
o Erskineville, NSW
o Manly Vale, NSW
ACT
o Braddon, ACT
o Watson, ACT
VIC
o Coburg North, Vic
o South Melbourne, Vic
TAS
o Devonport, Tas
o Howrah, Tas
SA
o Camden Park, SA
o Greenacres, SA
WA
o Craigie, WA
o East Perth, WA
NT
o Moulden, NT
o Woolner, NT
Nicole Pedersen-McKinnon from Australian Property Monitors and Smart Investor says that property in these areas is a good buy right now based on what’s happening to the market there.
Nicole says despite many properties going backwards in value, there are suburbs around Australia that are set to experience significant price growth.
The power factor
For the first time, this research combined normal property measures like rental prices and price growth, with supply and demand factors, such as 'the number of days a property has been on the market' and 'the number of properties on market'.
They took this even further by selecting only suburbs with a "power" factor - such as planned new infrastructure or a surge in online searches - that will give prices that extra boost.
These are all steps buyers can take themselves when researching property to get a better idea of the property’s potential return.
More info
www.afrsmartinvestor.com.au – Australian Financial Review
