How To Find A Good Suburb To Invest In

Published: Nov. 6, 2015, 2 p.m.

b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/how-to-find-a-good-suburb-to-invest-in\\\\/#arve-youtube-xo0oumjfp_y659a0b2e9039e648175173","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/xo0oUmJFp_Y?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\nHow can you find a good suburb to invest in? A suburb that is likely to go up in value, one that is low risk and has the potential for capital growth.\\n\\nSo you want to invest in property. Obviously, you want to choose a suburb that has minimum risks and the potential for maximum returns but what are the steps that you need to take to actually find a good suburb to invest in?\\n\\nWhat are the steps that you need to take to find a good suburb to invest in?\\n1. Start\\xa0At A State Level\\nThe first thing that you need to do is to start broad. What most people do is they start from the ground up which is the wrong approach.\\n\\nThey will find a property, someone might send them a link and say, "Hey, look at this property" or they might say, "My uncle is selling a property and you can buy it. If you don\'t go through a real estate agent he will give you a discount."\\n\\nAnd so for one reason or another, you end up starting at the property level and you then need to work your way up to understand, "Okay, is this a good suburb to invest in? Is this property a good price?"\\n\\nBut what tends to be a better way to approach things is to actually start broad, so start at a state level or start at an area level.\\n2. Narrow Down To A Major District\\nLet\'s say you decide to invest in Queensland, then let us first assess Gold Coast, Brisbane, Sunshine Coast, Hervey Bay, maybe some regional areas as well.\\n\\nAssess them as areas and first understand, "Okay, what kind of area do I feel comfortable with and want to invest in?"\\n\\nAnalyze your area and look at things like past capital growth history.\\n\\nLook at the potential trends for the area moving forward. Look at the demand-supply for the area. Look at vacancy rates in the area and things like that.\\n\\nYou can also go to council websites and you can try and assess what infrastructure developments are going into an area.\\n\\nIs the population growing or declining?\\n\\nWhat you want to do is to start to whittle down the area so you just have a couple of areas you want to look at.\\n3. Start Looking At Suburb Research\\nThen you start going into the suburb research. What I advise is to do research on a lot of different suburbs, not just one.\\n\\nThe way most people approach finding a good area to invest in or finding a good suburb to invest in is they say, "Okay, here is a suburb. Suburb X. Is this a good suburb to invest in? Yes or no?\\u201d That is one way you can approach it, but it\'s probably not the best way.\\n\\nIt is very difficult to collect enough data to understand if one suburbs is a good suburb to invest in. It is very difficult for the average investor because you may not understand what all the data means. Maybe you don\'t understand exactly how to research a suburb.\\n\\nWhat is a lot more effective and a lot easier is to spread out and you look at all the different suburbs and actually compare those suburbs to each other.\\nLook For\\xa0The Best Suburb In The Area\\nLet\'s say you decided the Gold Coast was a good place to invest. Rather than saying\\n\\n"Okay, the Gold Coast. There is a suburb in the Gold Coast called Robina, do I want to invest in Robina, yes or no?"\\n\\nThat is the old way to do it. The better way to do it is to say:\\n\\n"Well, what are all the suburbs of the Gold Coast? There is Robina. Mudgeeraba. Burleigh. Broadbeach. Surfers Paradise. Southport. Which of these suburbs is going to be THE BEST suburb for me to invest in?"\\n\\nCollect all of the suburbs, do research and data on all of the suburbs and then lay them out in front of you and compare them ...'