Tip of the week: 52 enlightening property investment gems
No matter what the greater market is doing, there are always property gems to be found.
It is important to understand that a current ‘gem’ is just that, current, and therefore the opportunity to pick it up cheaply and then maximise returns has possibly passed.
Investors need to fossick for properties within locations that are set to grow just before they become ‘gems’ in order to make the most out of any investment.
When there’s a market rebound in price growth, it typically starts within the capital city's prime suburbs. And within cheaper suburbs when it comes to rental growth. And when these suburbs – in various price belts – become too expensive for many people to afford to buy or rent, they go looking to neighbouring areas that are more affordable, and then the ripple effect is underway.
Investors can make money is any of the locations so long as their entry price is ahead of the rising market.
Tip 51 will come next week.