Post to Facebook on 30/8/2019 1:14 AM
Commenting on “Australia’s best and worst performing suburbs since 2014”
It may be true that some areas have big increase in value, but unless the property is sold and value realised, it is only gain on paper.
Closer look at the data shows that many are near the bay or coastal area. I have advised you to buy near but not too close to water. The property or just bare land must be on high ground. It is also crucial to know when to let go, because bad news is looming continuously about rising water or sea level. This has detrimental effect on the property value.
For investment property, you must look for a working class area, where majority of the population cannot afford to own their own homes, that is, a suburb of high number of renters. It is also important that there are light industries and local businesses around to provide employment.
Thank you for reading
Commenting on “Australia’s best and worst performing suburbs since 2014”
It may be true that some areas have big increase in value, but unless the property is sold and value realised, it is only gain on paper.
Closer look at the data shows that many are near the bay or coastal area. I have advised you to buy near but not too close to water. The property or just bare land must be on high ground. It is also crucial to know when to let go, because bad news is looming continuously about rising water or sea level. This has detrimental effect on the property value.
For investment property, you must look for a working class area, where majority of the population cannot afford to own their own homes, that is, a suburb of high number of renters. It is also important that there are light industries and local businesses around to provide employment.
Thank you for reading
