For real estate investors who are just starting out or who are in the process of growing their property portfolio, the right advice is crucial.
Buying the right property in a growing location not only ensures that you will make money, but also help you to buy more properties in the future. Real estate expert Peter Koulizos from The Property School has developed a list of property hot spots that you need to know about – and the full details of all 47 suburbs appear in the latest issue of Your Investment Property magazine - Best Investment Suburbs in Australia.
In the first of this two-part series, Koulizos offers detailed advice about undervalued suburbs with solid growth potential. He points to the best locations, precincts, streets and dwelling types for the next boomtowns across Victoria, Queensland, Western Australia and South Australia – and even identifies where in these suburbs to stay away from!
Koulizos' top three criteria are:
• That the suburb is undervalued – and there is therefore an opportunity to add value
• That the suburb's median price is near or below the median for the city as a whole
• That there is a potential for growth
The following are just a sampling of his top picks:
• Ethelton, Exeter, Glanville
• Largs North
• Semaphore Park
• Woody Point
For the complete article, read the latest issue of Your Investment Property out on sale now.
Collections: Mortgage News