State by State: Predicted Growth Areas in Sub-800K Markets
Release Date: 08/07/2024
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info_outlineWelcome back to Talk Property to Me! In this episode, my co-host Brad East and I delve into the predicted growth areas in each state in the sub-800k market segment. We use an algorithm that considers historical data, infrastructure spending, supply and demand metrics, quality of schools, and socioeconomic factors to identify these high-growth areas.
We start by discussing the importance of school quality in property investment decisions, sharing personal experiences of how it influenced our own property choices. We emphasize the significance of analyzing sub-markets and understanding the demographics and preferences of potential buyers or renters in different price points.
Moving on to specific states, we highlight the Barossa Valley in South Australia and Maitland in New South Wales as promising areas for future growth due to their affordability, stable rental increases, and favorable market metrics. In Queensland, Ipswich and Breland Point stand out as potential high-growth areas, while in Victoria, Melton and Brimbank are identified as key locations to watch.
We caution against investing in areas with limited data or high days on the market, such as Zuccoli in the Northern Territory. In Western Australia, Cockburn emerges as a potential investment hotspot due to its coastal location and affordability, despite concerns about long-term growth sustainability.
Throughout the episode, we stress the importance of thorough research and due diligence when selecting investment properties, advising listeners to focus on location, lifestyle amenities, and market demand. We conclude by encouraging listeners to invest where people want to live, rather than solely focusing on tax benefits or short-term gains.
Join us on the next episode of Talk Property to Me as we continue to explore the dynamic world of property investment and share valuable insights to help you make informed decisions in the real estate market. Thank you for tuning in!
- 00:00:00 - Introduction to Predicted Growth Areas
- 00:05:30 - Discussion on Barossa Valley in South Australia
- 00:10:54 - Analysis of Ipswich in Greater Brisbane, Queensland
- 00:13:38 - Focus on Melton in Greater Melbourne, Victoria
- 00:14:11 - Exploration of Horsham in Regional Victoria
- 00:16:37 - Examination of Cockburn in Perth, Western Australia
- 00:19:20 - Mention of Palmerston in Darwin, Northern Territory
- 00:21:45 - Emphasis on Lifestyle Locations for Investment Opportunities
ABOUT THE HOST
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
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