\u201cThe value in real estate is in land. You\u2019re far better off investing in a property that has a decent land component.\u201d
Good friend of the show, Peter Koulizos, calls in from Adelaide for a chat with David about his bestselling book, Top Australian Suburbs. It\u2019s been a decade since it was first published, but the information it holds still remains relevant. Particularly, the lowdown on what makes a suburb ideal for investing.\xa0
There are 107 suburbs in Peter\u2019s book, all of them chosen because of their value and the prediction that they would perform better than the average suburb in that particular capital city. The common factor - existing in the vast majority of suburbs - was gentrification. When gentrification wasn\u2019t present, suburbs were most likely to be benefiting from urban renewal.
Peter will be evaluating the suburbs in his book later in the year, but preliminary research has revealed he has been very accurate with his predictions.
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About your host, David McMillan
During his 16 years in the property industry David has worked as a property valuer and property adviser to private clients, financial planners, accountants, finance brokers, major banks and governments. He has been involved in more than $500M worth of transactions across Victoria, New South Wales, South Australia & Queensland.
Since 2009, David has been specifically focused on helping medical professionals, expats, business owners and busy executives build effective property portfolios.
David is a fully licensed real estate agent in Victoria, South Australia and Queensland (CEA), Certified Practicing property Valuer (CPV), Qualified Property Investment Advisor (QPIA) and most importantly is an active property investor. David joined the Australian Property Institute in 2001 and is now an Associate (AAPI) and in 2009 became a member of the Real Estate Institute. David currently sits on the board of Property Investment Professionals of Australia (PIPA) to promote ethics in the property investment industry.
About David\u2019s guest, Peter Koulizos
Peter is currently the Co-ordinator of the property and share Investment courses at TafeSA. He also\xa0teaches the property program at the University of South Australia. He has been teaching in real estate and investment for almost 20 years. Peter also personally invests in property and currently holds several properties. Peter has the ability to combine the theory of property investment with the practical aspects so as to teach people how to make money for themselves from investing in property, whether they be buying, selling, renting, renovating or developing property.
Peter researches property markets around the nation, looking for the best suburbs to invest in each capital city. He has published two book, \u201cThe Property Professor's Top Australian Suburbs\u201d and more recently \u201cProperty vs Shares\u201d.\xa0 He is also a regular contributor to numerous newspapers, magazines and websites and is sought after by TV and radio for his research and comments on the property market.
For more information on PIPA, head here.
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\u2018Property Insiders\u2019 is one of three segments you will hear on the Performance Property Data podcast. Released fortnightly, they are conversations between David McMillan (Director Acquisitions - Performance Property Advisory) and industry leaders offering knowledge and expertise.\xa0
\u2018The Property Pineapple\u2019 is released monthly and is hosted by Sharon Taylor (Research Analyst - Performance Property Advisory). The show presents listeners with stories from real investors, discussing their wins, and admitting their losses.
And \u2018Performance Insights\u2019 are released every Wednesday and Friday, giving you technical information and the lowdown on key property markets around Australia.\xa0These episodes are also available as short videos at our youtube channel.
For more information about how Performance Property Data can help you maximise your investment dollar, head to www.performancedata.com.au