Tweet of the day: The gentrification check list

Gentrification.

For investors, it can mean high capital growth, increased tenant demand, and secure passive income.

For locals, it can mean escalating council rates, skyrocketing rents, increasing prices at the neighbourhood shops and, eventually, being ousted from your suburb by cashed up young professionals with a fever for homes in "vibrant", "mutlicultural" or "buzzing" areas. Of course, the process has the habit of pushing out the people who made the area "vibrant", "multicultural" or "buzzing" in the first place.

Many investors seek out areas which are gentrifying, believing they'll be able to purchase cheap properties which will appreciate. In fact, Property Observer knows of one property advisor who actively keeps an eye out for new galleries as an early indicator of a gentrifying suburb.

Either way, it seems there's now a definitive checklist for neighbourhood undergoing gentrification, put together by Curbed.

Although the list is based on American experiences of gentrification, those of the Property Observer team who live in the inner city reckon it looks about right. What does your suburb score?