Rich Harvey's eight hotspotting must-ask questions

Property ObserverSeptember 3, 2013

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?

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