Rich Harvey's eight hotspotting must-ask questions

Hotspotting, or finding the best suburb in which to purchase an investment, is a crucial skill of every property investor. With the market heating up, it's only natural that competition in finding these locations has started to skyrocket.

A couple of weeks back, we spoke with Rich Harvey, managing director of independent buyer’s agency propertybuyer.com.au.

Harvey is a licensed real estate buyer’s agent, experienced property investor and professional economist. The propertybuyer.com.au team has purchased over 1,100 properties in total.

Here are some questions he asks:

• What are the key drivers of the local market?

• What property types are in the highest demand?

• What price points are optimal?

• What is the average yield and growth?

• What streets should I avoid?

• What has changed in the area in the last ten years?

• What is likely to change in the near future?

• What are the clear tractions that bring people to this suburb?