02 Dec Property Hotspotting
Hotspotting has been credited with providing property investors with the inside edge on where to buy. Here we look at what it means and whether it can work for you. What is hotspotting? It's the process of identifying the locations that will show superior capital growth in the future. These are often suburbs that are currently underperforming but are within close proximity to more popular suburbs. When these popular areas become too expensive, buyers often look to the neighbouring suburbs, causing an outward ripple effect. How do I find a hotspot? Investors trying to buy into the next hotspot will often get their advice from online reports, magazine articles and wealth creation seminars. It's important to look carefully at who is providing the 'expert advice' that an area is a hotspot, as it may well be the PR agent of a developer or someone...