Simon Pressley is Managing Director of Propertyology, a property market analyst, accredited property investment adviser, and Buyer’s Agent. Propertyology works exclusively with property investors to purchase properties in strategically chosen locations all over Australia.
Markets like this have a tendency to produce steady growth year-on-year. While they don’t attract the fanfare of bigger profile cities they usually have less pronounced peaks and troughs and often perform better over time.
While tourism still plays a very important role today, Cairns' economy now offers diversity through agriculture, education, health care, and mining.
Most claims of hotspots end up being bland-spots. Genuine ‘booms’ only come around once in a while. But, that won’t stop people constantly spruiking about the next hotspot.
The truly astute property investors don’t have the blinkers on and they recognise that 8 million Australians elect to live and work in alternative locations to capital cities.
Propertyology's study of Australia's 550 local government areas shows that the northern inland region of NSW has performed well in terms of capital growth and yield.
Applying tighter credit policies across 100% of the market in attempt to address a concern in 20% of the market is akin to a doctor prescribing antibiotics to an entire classroom because one kid has a chest infection.
I am one of a handful of people who have been proactive in lobbying for new legislation to protect property investors from vested interest groups for some years.
Casting our eyes across the nation revealed these other population hotspots.
1,000 job cuts will hurt the townships of Dalby, Chinchilla and Roma with a combined population of 40,000 people.
The potential implications to scrapping negative gearing will be spread a lot further than property investor’s tax returns.