When it comes to property investment, the ideal is to find a location with strong and steady future growth prospects.
The last thing you want is a location that rises fast, but ongoing growth is unsustainable, or worse still, crashes twice as hard.
An extreme example of this is investment in mining towns, which showcase a fabulous boom and an even more spectacular bust.
Fortunately we educated our clients on the risks of mining towns before the ‘crash’ occurred.
So how do you find a suburb that shows promising signs of long-term growth?
Our partner in Property Education for over a decade and the Chairman of Property Investment Professionals of Australia (PIPA), Peter ‘the Property Professor’ Koulizos, points out some critical factors to look for.