Predicting Real Estate Hot Spots
In May this year, a parking space in Potts Point sold for $264,000, quickly becoming the most expensive car park in Australia. While this sounds like an exorbitant amount to pay, it highlights the value of even a small space within close proximity to the CBD.
As recently as last month, the finale of Australia’s most-loved real estate show, The Block, highlighted that buyers are still willing to pay much more than the reserve price for property in a decent location.
Whether you’re buying a family home, or purchasing to invest, it pays to know where and when to buy in a particular area.
Simon Cohen MD of Cohen Handler shares his top tips on how to predict the property market on Smart Property Investment. Read the full article here.