Up and coming suburbs : how to spot a winner.
By | 15th Nov 16

Up and coming suburbs : how to spot a winner.

Every keen investor and home buyer is always looking for that next property that will change their life. We have some great ways to discern a gem in the rough – up and coming suburbs are a great way to invest and fruitful if you get it right.

As the demand for property grows, so does the demand for quality suburbs that will appreciate over time. Many people are being priced out from the inner city ring suburbs and forced to look at other suburbs because of this.

A good example is Reservoir or Maribyrnong. These fringe properties were once undesirable locations but with the effect of urban sprawl, these suburbs have seen record price growth over the last 10 years.

Tips for spotting the next hot spot suburb:

  • Look for smaller suburbs that border more desirable suburbs but without the price tag. Slowly gentrification will provide capital growth for your property
  • Look for amenity and infrastructure. It helps for the suburb to be easily connected to main hubs and the city
  • Look out for new shopping or dining precincts. The regeneration of old shopping strips or the planning for new retail or dining precincts are a good indicator there is demand in that area.

Happy researching! If you're still unsure, contact us to see how if our search to settlement service is right for you!