Property Investors have always fallen into a common mistake. So often they ask the question:
"Is it a good time to buy" when they should really be asking "WHERE is it a good time to buy" ,
The Australian Property Marketplace is extremely broad with some areas correcting back in value, whilst others at the very same time are surging forward. The locations differ on what is happening within them, whether it be driven by new infrastructure, population growth, supply & demand changes all over our nation.
Often, we hear of "Ripple Effects" as a knock on effect from the growth flows onto others. This had been happening in Sydney & Melbourne markets in neighboring Suburbs but often we need to look just that bit further afield . When you're not monitoring property markets correctly these locations can slip by and you simply miss out when others profit.
Today in Sydney there are many locations that have grown in double digits in the last 12 months. In Melbourne & more so Victoria this number is substantially higher. This tells the story of only focusing on your own backyard can see you miss out. In Melbourne many Suburbs grew by up to 26% in the last 12 months, with some Suburbs even achieving 7% to 9% growth in the last quarter............ I guess that doesn't sell newspapers or get readers online.
Around Australia we have many positive propoerty growth locations, that we have monitored & independent industry reports are verifying our reasons for forecasting growth & they have delivered.
Take care on following the media are hardly ever educated in Property and they would see you miss out on the opportunity to build your property wealth so you too could possibly retire comfortably one day.