Firstly, before I get started and revealed my strategy and selections, I need to add one little disclaimer. The property hot places I mention are my own personal opinion based on my own local knowledge. The picks could subject to change, since the real estate market will go in cycles. However, read what I need to say, and then make your own choice based on your own research. I am positive you’ll find my decisions interesting and beneficial.
Also before we get started I think it is really critical for you determine exactly why it is you are considering purchasing property. If you’re buying to live in the house yourself, then you’ll be buying for personal reasons rather than as an investment. Although building a capital gain may be a priority, so it will not necessarily be your sole motivating factor. You need to be happy where you live, and you need to obtain a property that meets your needs, or the needs of your loved ones.
If you are purchasing a investment property then you need to think about potential for capital gain or investment yield on your cash. You’ll have to take the “emotion” out of this decision-making process. You need to research each region and type of property carefully before committing to buy. You want to research New homes the market and investigate what individuals in the area want at a property.
Do they want car parking, close proximity to employment, schools, transport, shopping?
Are buyers, or renters, looking for mature style properties, or do they favor modern designs?
Can they need yard room or low maintenance?
You will want to decide whether you are only going to renovate the property, sit on it for future capital gain, or sell it, or lease it out. Each of these factors may have a distinct Floor plans bearing on the type of property you purchase. There is plenty more to consider, but let’s now look at where to buy property.
Deciding Australia’s property hotspots:
Personally, I am inclined to prefer properties near to a growing city or city center, near new infrastructure, or one which has amazing views. My reasoning is that a city center will always be there, and also as long as it is growing in size, there will always be plenty of jobs and conveniences nearby. As a city grows, depending on the transport and roading community, properties near the core of the city must grow in significance and demand. Clearly there are exceptions to this principle, but urban sprawl will generally result in more people needing to travel farther from home to work.
In the case of Australia, there are several towns large and small that are growing and spreading out. Like I said previously, people generally want to be close to jobs and amenities, so suburbs near the city centre should always be popular. They are usually a fantastic rental proposition depending upon the individual property and what it has to offer you. Good properties can be seen in suburbs close to all the major cities including Sydney, Melbourne, Adelaide, Perth, Canberra and Brisbane.
Using Brisbane (in Queensland) for instance; suburbs like Paddington, Bardon and Ashgrove should always be a wise investment since they are nice hillside neighborhoods very near the city. Lots of the houses are owned by older empty nesters whose children have flown the coop, and they are looking at downsizing, or clinging into the Sunshine Coast. Many of the new buyers and renters looking for properties in these areas are professionals in their 30’s to 40’s. Naturally every property is different, so you need to do your standard due diligence and get termite checks etc..
I said before the prospect of buying property with views. The thing about ocean, or canal views, is that the opinion will always be there supposing no-one can build in front of you. So, again, based on the property, it could be well worth exploring this option. Queensland’s Sunshine Coast and The Gold Coast are popular for those searching for a lifestyle change, but again you need to be careful exactly where you buy.
Major infrastructure such as a new Private Hospital along with a $2b Public Hospital are soon to be a reality. It is anticipated that the Public Hospital alone will have 15,000 visitors every day and around 3,500 permanent jobs. That is not permitting for the new Town Centre, or the many new associated business ventures, and new Transport Hub for the area. Actually; it has been reported that roughly $1.25 million will be invested every day, seven days per week for five decades, creating the Kawana area. You may imagine what that may do to rental demand, rental yields, and possible property worth in neighboring suburbs like: Kawana Island, Birtinya, Warana, and Bokarina.
Birtinya is so close residents will have the ability to walk into work at the brand new Corps or City Centre. However my selection is Kawana Island, because it is only a 3 – 4 minute drive away, yet it’s a quiet and beautiful canal front lifestyle with around 10k of beautiful paths. It’s a quality location with a mix of contemporary residential houses and luxury apartments. This can be a plus because it signifies prices should only head up as a growing number of people find the lifestyle and convenient location.
In the end of the day you will need to do your own research and make your own choices, but I have given you my private thoughts on a few options where to invest.