By: Venessa Paech
1. Don’t believe the hype (good or bad)
Do your own research to find out if your target suburb is hot or not.
There’s several tools available to help you discover a suburbs potential.
On these pages you’ll find:
- median property prices;
- data showing the impact of interest rates;
- and the average number of people looking for property in that suburb versus the number of properties for sale.
All this gives you a great insight into the suburbs you’re considering for your next move or investment so you can leap with confidence into the adventure.
A particularly useful insight is supply to demand ratios and trends over time. These give you the bigger picture of a location, and can help you consider the property/suburb’s potential.
What matters is whether it’s your right time to buy, for your needs and circumstances. Knowing the state of play is useful to help you calibrate that decision, but shouldn’t be the only thing that motivates.