Hi Everyone!
This is a general question, but I have not been able to find much info around on this...
If you were looking to purchase a 2-3 bedroom unit/terrace, in an up and coming inner city suburb, transisitioning from Industrial, what sort of things would you do to complete your due dilligance once the suburb is selected???
How do you check what developments are happening before they start? How do you work out which portion of the suburb is moving to resi first? Would you door knock all current resi properties to see if they want to sell?
Also, how long after resi. developments move in, and the suburb transitions away from predominately industrial, do resi. prices move up?? Is this cultural?
I there are many general questions here, but in the latest API magazine, there is a huge (as there should be) on the growing population, and housing 35 MILL people by 2030. This will result in higher density inner city living, and conversion of high value land from industrial to resi.
I think if everyone gives there 2 cents, this could become a good reference point.
cheers, Jacob.
This is a general question, but I have not been able to find much info around on this...
If you were looking to purchase a 2-3 bedroom unit/terrace, in an up and coming inner city suburb, transisitioning from Industrial, what sort of things would you do to complete your due dilligance once the suburb is selected???
How do you check what developments are happening before they start? How do you work out which portion of the suburb is moving to resi first? Would you door knock all current resi properties to see if they want to sell?
Also, how long after resi. developments move in, and the suburb transitions away from predominately industrial, do resi. prices move up?? Is this cultural?
I there are many general questions here, but in the latest API magazine, there is a huge (as there should be) on the growing population, and housing 35 MILL people by 2030. This will result in higher density inner city living, and conversion of high value land from industrial to resi.
I think if everyone gives there 2 cents, this could become a good reference point.
cheers, Jacob.