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Research. Research. Research. It's been head down, bum up - extracting as much information as possible on the Australian property market. We're excited by the opportunities that the market is presenting at this time of year and can't wait to share these findings with our clients.
It's an interesting time in the Australian property market with a cyclical shift looking more and more likely. We say this because we're seeing the majority of the Sydney market starting to plateau after coming off another year of strong growth (18.36%) in 2015. Melbourne still has room to grow, however has expedited its growth in recent times - last year it achieved 13% growth in the housing market. There is still good opportunities in Brisbane housing (not apartments) and further North in the Moreton Bay region which we have been exploring.
Our process generally involves a deep dive into state selection, then we explore regions and then of course suburbs. Through this process we sometimes find that there is opportunities in several areas dependent on the client's brief and budget, so we will explore them all.
We use a unique suburb scoring system that takes into account the key factors for predicted suburb growth patterns.
Once we are comfortable with our selections, we fully flesh out the research to be diligent in the demographics, infrastructure, population growth rates, capital growth rates, median rental yields in the area etc. the list goes on. Our clients see this and plenty more when we present our suburb and property selections.
Cheers
Richie
#onthehunt #milkchocproperty #propertyconcierge
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