Firstly, before I begin and revealed my strategy and selections, I want to add one little disclaimer. The property hot places I mention are my own private opinion based on my own local knowledge. The selections could subject to change, because the real estate market is inclined to go in cycles. However, read what I have to say, and then create your own decision based on your own research. I’m sure that you’ll find my decisions interesting and helpful.
Before we get started I think it’s really critical that you decide exactly why it is you are contemplating purchasing property. If you are buying to live in the house yourself, then you are going to be buying for personal reasons rather than as an investment. Although building a capital gain may be a priority, it will not necessarily be your sole motivating factor. You need to be happy where you live, and you will need to buy a property that meets your wants, or the requirements of your loved ones.
If you are buying an investment property then you need to consider potential for capital gain or investment yield on your money. You’ll have to take the “emotion” out of this decision-making procedure. You want to research each area and kind of property carefully before committing to buy. You need to research the market and investigate what individuals in the locality want at a property.
Do they want car parking, close proximity to schools, employment, transport, shopping?
Can they want yard space or low maintenance?
You will want to choose whether you are just going to renovate your house, sit on it for potential capital profit, or sell it, or rent it out. Every one of these factors may have a distinct bearing on the sort of property you purchase. There’s plenty more to think about, but let’s now consider where to buy property.
Deciding Australia’s property hotspots:
Personally, I’m inclined to prefer properties close to a developing city or town centre, near new infrastructure, or one that has amazing views. My rationale is that a city centre will always be there, and as long as it is increasing in size, there’ll always be lots of jobs and conveniences nearby. As a city grows, based on the transport and roading community, properties near the core of the city should grow in significance and demand. Clearly there are exceptions to this rule, however, urban sprawl will generally result in more people needing to travel further from home to work.
Like I said previously, people generally need to be near amenities and jobs, so suburbs close to the city center should remain popular. They are typically a good rental proposal based upon the individual real estate and what it has to offer you.
Using Brisbane (in Queensland) as an example; suburbs such as Paddington, Bardon and Ashgrove must always be a smart investment as they are nice hillside neighborhoods very near the city. Many of the houses are possessed by elderly empty nesters whose children have flown the coop, and they’re looking at downsizing, or clinging to the Sunshine Coast. Obviously every home is different, so you need to do your usual due diligence and get termite checks etc..
I said earlier the prospect of buying property with views. The thing about sea, or canal views, is that the view will always be there supposing no-one can build before you. So, again, based on the property, it could be worth exploring this alternative.
My pick is the Kawana Waters place in the tropical Sunshine Coast north of Brisbane. Major infrastructure such as a new Private Hospital and also a $2b Public Hospital will be a reality. It’s expected that the Public Hospital alone will probably have 15,000 visitors a day and about 3,500 permanent jobs. That’s not allowing for the new Town Centre, or the many new affiliated business ventures, and fresh Transport Hub for the Floor plans area. In fact; it’s been reported that around $1.25 million will be spent daily, seven days per week for five years, creating the Kawana region. You may imagine what that could do to leasing demand, rental yields, and potential property values in neighboring suburbs like: Kawana Island, Birtinya, Warana, and Bokarina.
Birtinya is indeed close residents will have the ability to walk into work at the brand new Corps or Town Centre. However my pick is Kawana Island, since it’s just a 3 – 4 minute drive away, yet it’s a quiet and gorgeous canal front lifestyle with about 10k of beautiful paths. It’s an excellent location with a mix of contemporary residential houses and luxury apartments. That can be a plus because it means costs should just head up as a growing number of people discover the lifestyle and convenient site.
At the end of the day you need to do your own research and make your own choices, but I’ve given you my personal thoughts on a couple of options where to invest.