How do people identify areas that are going to be appealing at the time when not many other buyers are looking?
I bought my first place in 2010, learnt the hard way about property cycles by buying at the very top of the Adelaide market in early 2010.
Improved slightly and bought a few places in the early stages of the Sydney boom in beginning of 2013 (but again would have had much more choice if bought in 2012) ie bought one of those 1000m blocks in western Sydney for 400k that doubled in 2 years!
Looking in logan council area now, but continue to find examples like this
http://www.domain.com.au/property/sold/house/qld/woodridge/?adid=2010865175
woodridge 1207m2 two titles rents for 340 per week and sold for 287k only in december last year
Its pretty obvious that that was a gd buy!
Looking now around that price there is definitely less to choose from
Any long time posters care to give some hints on how to find areas BEFORE they become popular or if familiar with the property clock when the good places are at 6 o'clock?
I bought my first place in 2010, learnt the hard way about property cycles by buying at the very top of the Adelaide market in early 2010.
Improved slightly and bought a few places in the early stages of the Sydney boom in beginning of 2013 (but again would have had much more choice if bought in 2012) ie bought one of those 1000m blocks in western Sydney for 400k that doubled in 2 years!
Looking in logan council area now, but continue to find examples like this
http://www.domain.com.au/property/sold/house/qld/woodridge/?adid=2010865175
woodridge 1207m2 two titles rents for 340 per week and sold for 287k only in december last year
Its pretty obvious that that was a gd buy!
Looking now around that price there is definitely less to choose from
Any long time posters care to give some hints on how to find areas BEFORE they become popular or if familiar with the property clock when the good places are at 6 o'clock?