Real Estate Category

HOW TO PREDICT A NEW SUBURB ‘HOT SPOT’

One of the biggest mistakes novice investors make when trying to pick a hot spot is taking short cuts. Everyone either doesn’t want or have the time to do their homework while looking for an investment property. If you decide to take a short cut and take a prediction of a booming suburb from a magazine or a friend you can risk missing the mark completely! To help make sure your ‘hot spot’ is not going to become a ‘not spot’ here are some tips from iThink Principal Ben Walker.   LOOK TO THE HORIZON If you’re not looking at least 5-10 years down the track then there is a good chance you will make a mistake. Most hot spot lists usually only consider short-term performance of a property which… Read More »