Where to Invest
It seems like every day there's a new the next big thing in property. If you're looking to buy, it almost seems impossible to know what you should do, but that's why we're here to help, and today we're looking at how you can pick a real estate hotspot.
The Numbers Don't Lie
The first thing you should do is research. There's any number of free, online resources that can show you how a given suburb has performed for up to the past ten years.
This is a great way to get a feel for what an area will be doing in the future; if you can see a steady growth, it's likely that will continue. However, if prices are rapidly rising or falling, or on a steady decline, then you're probably better staying clear.
Are They Building?
Another good indicator of growth in an area is if there's any new infrastructure being constructed. In general, places where the economy or population are on the rise are more likely to see new roads, or shopping centres put in, so this is a great, if not immediately apparent sign of what's happening.
How Does it Feel?
Last, but certainly not least, if you're looking for a good place, you have to take the time to look around in person. There's no substitute for actually being there, so pay attention to how you feel when you're in an area, because the odds are a lot of people will feel the same way.
At LJ Hooker Sunnybank Hills, we're always keeping an eye on our local markets, and you can request a free quarterly report on every sale in any one of our areas, so talk to us today to see what we can do for you.