Identify where the developers are working in your intended market and ascertain the ramifications of their developments on supply and demand in your area.
Be on the lookout for prime property, which will appreciate in time.
Features that will ensure this are:
- water frontage,
- river frontage,
- hills,
- views
- and proximity to amenities
- and transport.
and will traditionally provide great capital growth.
If it's cashflow you're after, concentrate on the mid to low end of the market.
Average properties in average neighbourhoods usually work well.
But don't exclude yourself from a diamond deal that is out there sitting in a capital growth hotspot and churning out cashflow. Those deals are much harder to find, but be open to them because you need to act fast when they come your way.
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