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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Hotspots not what they seem: Davis

By Staff Reporter
01 October 2014 | 1 minute read
Suburb hotspots

Property management expert Owen Davis has warned against tracking property hotspots though media channels as their mention on television programs or newspapers would indicate it is already too late.

Mr Davis even suggests such ‘hotspots’ may not be right for every investor, and often if property values have increased you may not be able to recover it through your rental income, as well as the property being priced out of the market should you increase the rent.

“Although there’s an understanding that ‘all boats rise with the tide’, knowing what the average price of thousands of properties in a suburb is doing is only a small part of the story. Smart investors put more consideration into the actual properties available for purchase,” Mr Davis said.

“If you’re reading about a hotspot in the newspaper or hearing about it on A Current Affair, then chances are it’s no longer a hotspot.

“If you dive in now, the only people who are going to do well out of it are the people selling the properties, now at a peak price because every man and his dog is interested.”

Mr Davis said investors with a good strategy will be able to identify good properties before others are aware.

He suggested a number of strategies including looking for properties in less desirable areas since they have the best chance of increasing in value as higher income residents move in.

Considering properties in areas surrounded by newly-built or upgraded schools and shopping centres is also a good indication of future population growth and rental demand.

“The good news is, if you buy any property that ticks the boxes for you, and you hold onto it, over 10 years you’re more than likely to do well,” Mr Davis said.

Hotspots not what they seem: Davis
suburb hotspot
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.