The Secret To Predicting The Next Boom Suburbs

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  • Wise Real Estate Advice

    Wise Real Estate Advice
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    Hari Krishnan
    Hari Krishnan

    5 out of 5 stars

    posted 1 month ago

    I found Mark through Google!!!.
    Since my first meeting I felt so confident in Mark's ability and experience in being able to deliver a great result. I was very much impressed with Mark's service as he made the whole process easier and stress free!!!!

    I am really happy because I bought exactly what I was looking for and it was well under my top budget. Most importantly We did it within few weeks.

    Since day one Mark was very pro-active.

     Mark emailed multiple properties every week within my search parameters and wish list.
     Mark allowed me to be involved as much as I wished.
     Mark inspected the properties I liked.
     Mark explained the positives and negatives about each property.
     Mark held a pre-auction meeting and attended the auction
     Mark's strategies and suggestions like where he’ll stand during the auction, how he’ll handle the negotiation etc. etc. and through to the final shaking of hands inside the house all played out in a positive way.

    Thank you Mark for all your work in getting me the right house for the right price!

    I highly recommend Mark for everybody who wants to find a good place to live or invest.

    Many, many, many thanks!

    Ken Stewart
    Ken Stewart

    5 out of 5 stars

    posted 5 months ago

    Mark was personally recommended to me as someone who could be of real help in appraising my property of interest and subsequently representing me at auction.
    He made time to meet for an initial chat over coffee. I was immediately impressed and relaxed with his easy and honest nature, as well as his willingness to listen to my needs.
    A genuinely nice bloke... well experienced in the RE scene, totally committed to helping his clients.... all in all, a very worthwhile experience.

The Secret To Predicting The Next Boom Suburbs

Seasoned investors will say that location is the key to capital growth. Whilst this is often the case, making sure you purchase in a location at the beginning of a price surge can ensure your money is positioned well to grow. Knowing the signs that an area is about to rapidly increase is the key to property success.

  1. Demand vs. Supply

As with every commodity, an increase in demand and a decrease in supply will create a more aggressive market. As demand for an area increases you can expect to see properties selling quickly and the average days on the market decreasing.

  1. Bargains are Few and Far Between

The increase of demand sets the precedent for prices. The more prospective buyers decreases negotiating power and properties are likely to sell at or above asking price.

  1. Under the Hammer

Areas that have commonly been known for a high ‘private sale’ method of sale turn towards an auction approach as interest in the location increases.

  1. Rent Now or Forever Hold Your Peace

The rental market is frequently an accurate measure of an area’s success. As housing prices begin to raise the amount of vacant properties decreases. The standard vacancy rate for most suburbs is 3%, anywhere below that number indicates that an area is highly sought after. Investors keep track of the vacancy rates to determine which areas to buy into and are quick to pounce on suburbs with lowering vacancy rates. It’s important to keep in mind that more renters mean more investors and more competition.

  1. Less Means More

Current owners of properties on the verge of financial expansion often hold their properties waiting for the right time to sell to capitalise on the growth. In turn less properties are placed on the market driving a greater wedge between supply and demand.

  1. Check the Numbers

The number of viewers searching for properties in an area is a strong indicator for the amount of demand. Areas on the cusp of a surge will have more viewers keeping an eye on properties for sale hoping to secure a final bargain before the increase.

The Secret To Predicting The Next Boom Suburbs