Real Estate Hotspots in Australia To Look Out For In 2024! | The Landlord Society EP32
Summary
TLDRIn this episode of the Landlord Society podcast, hosts Charlie and HDK discuss promising property investment locations in Australia, focusing on short and long-term growth potential. They highlight Perth, Adelaide, Brisbane, and South Australia as top picks, citing strong demand and supply metrics. Specific suburbs like Mandura, Rockingham, and Playford are recommended for their affordability, rental yields, and future growth. The podcast also touches on land-locking opportunities and the impact of infrastructure development on property value, offering valuable insights for investors seeking to replace their income through strategic property investments.
Takeaways
- 🏘️ The podcast discusses hot property locations for investment in the Australian market, focusing on short-term and long-term growth opportunities.
- 📈 CB Richard Ellis's report 'Insight 2024' is highlighted as a valuable resource for identifying areas with strong to very strong demand for property.
- 📊 Key supply and demand metrics are crucial for evaluating potential growth in property markets, with Perth, Adelaide, and Brisbane noted as target areas.
- 🏆 Perth is identified as a top area for growth, with Mandura, Rockingham, and the pocket between Canning Vale and Armadale mentioned as particularly promising suburbs.
- 🌊 Mandura's appeal is attributed to its proximity to water, reasonable distance from the CBD, and high rental yields, making it attractive for investment.
- 🔑 South Australia, particularly the Playford region, is highlighted for its strong growth and affordability, with Elizabeth, Blakeview, and Hillbank as areas of interest.
- 🏖️ Queensland is noted for its potential around the upcoming Olympics, with areas between Brisbane and the Gold Coast being particularly attractive for landlocked opportunities.
- 🏙️ Victoria's Cranbourne is identified as a suburb with correcting median house prices and a high demand multiple, making it a potential area for investment.
- 🔒 The concept of 'landlocking' is introduced, where areas cannot expand due to geographical constraints, leading to increased demand and property value.
- 💡 The podcast emphasizes the importance of not investing blindly and considering the type of property that matches the area for the best investment outcomes.
- 👥 The hosts encourage joining their community on Instagram and Discord for more exclusive information and to learn about property investing strategies.
Q & A
What is the main topic of the 'Landlord Society' podcast episode?
-The main topic of the episode is discussing boom locations and hot property locations in the Australian property market that are expected to provide the best opportunities for property investors.
Who are the hosts of the 'Landlord Society' podcast?
-The hosts of the 'Landlord Society' podcast are Charlie and HDK.
What is the purpose of the 'Landlord Academy' mentioned in the podcast?
-The 'Landlord Academy' aims to help people replace their income through property investments in the Australian property market.
What does the acronym 'CBR' refer to in the context of the podcast?
-In the podcast, 'CBR' refers to CB Richard Ellis, a major and valuable company in Australia that specializes in property valuation.
What type of properties are the hosts planning to purchase in the near future?
-The hosts are planning to purchase properties in specific locations they believe will show strong growth in both the short and long term, but they do not specify the exact types of properties due to time constraints.
What are some of the key metrics the hosts consider when looking at potential property investments?
-The hosts consider key supply and demand metrics, as well as the potential for short-term and long-term growth when evaluating potential property investments.
What is the significance of the report by CB Richard Ellis mentioned in the podcast?
-The report by CB Richard Ellis is significant because it provides insights and predictions for the Australian property market based on the year 2024, which the hosts use to inform their discussions about future growth areas.
Which Australian cities are identified as having strong to very strong demand over the last three months according to the podcast?
-The cities identified with strong to very strong demand are Perth, Adelaide, Brisbane Metro, Brisbane out of Metro, Gold Coast, and Sunshine Coast.
What is the current ranking of buyer types in the Australian property market according to the podcast?
-The current ranking of buyer types, from most to least active, is first home buyers, upgraders, local investors, downsizers, interstate investors, interstate migrants, overseas migrants, and developers.
What is the concept of 'land locking' as discussed in the podcast?
-Land locking is a concept where an area cannot create any more supply of land due to natural or man-made barriers, such as a beach or coastline, which can lead to increased demand and encapsulated supply in that area.
What advice do the hosts give regarding the selection of properties in the discussed areas?
-The hosts advise that the type of property should be matched with the area being invested in, and they suggest that there are opportunities for rental growth and positive cash flow in the discussed areas.
What is the hosts' view on the potential growth of the Perth property market?
-The hosts believe that Perth has a lot of room for growth left and is currently very strong, with specific suburbs like Mandura, Rockingham, and the pocket between Canning Vale and Armadale being particularly attractive.
What are some of the strategies the hosts suggest for property investors?
-The hosts suggest strategies such as setting up a dream team in every state, considering land-locked opportunities, and being creative with partnerships or joint ventures to optimize land tax liabilities and investment returns.
Outlines
🏘️ Landlord Society Podcast Introduction
The transcript begins with an introduction to the Landlord Society podcast hosted by Charlie and HDK. They discuss their aim to help individuals replace their income through the Australian property market via the Landlord Academy. The hosts preview an exclusive discussion on promising property investment locations with potential for short-term and long-term growth, emphasizing the importance of supply and demand metrics. They mention a report by CB Richard Ellis (CBR) providing insights into future property trends and stress that the podcast is for educational purposes and not financial advice. The hosts invite listeners to follow them on Instagram and Discord for more exclusive information.
📈 Boom Locations and Property Investment Insights
In this paragraph, the hosts delve into specific Australian cities and suburbs that are experiencing significant growth and are considered hot spots for property investment. Perth, Adelaide, and Brisbane are highlighted as target areas with Mandura, Rockingham, and the pocket between Canning Vale and Armadale in WA being particularly attractive. The hosts discuss the importance of property selection and the current high demand in these areas, with a 40:1 demand ratio in Mandura, indicating a robust market. They also touch on the potential for rental yields and the desirability of water proximity and land offerings in these suburbs.
🌆 Opportunities in South Australia and Queensland
The podcast continues with an exploration of investment opportunities in South Australia, focusing on the Playford region, including suburbs like Elizabeth, Blakeview, Hillbank, and Davon Park. The hosts note the strong growth and off-market transactions in these areas, with a significant interstate demand. They also discuss the potential for catch-up growth in cheaper suburbs due to price differences with neighboring areas. Turning to Queensland, the hosts highlight the state's excitement ahead of the Olympics and the potential for landlocked opportunities between Brisbane and the Gold Coast, where limited land supply could drive demand and growth.
🏖️ Landlocking and Strategic Property Selection
The hosts explain the concept of landlocking, where geographical features prevent the expansion of housing supply, leading to increased demand in certain areas. They use Adelaide as an example, noting how the beach and hills create landlocked suburbs with high demand. The discussion then moves to Victoria, where the hosts identify Cranbourne as an area of interest due to its supply and demand dynamics, median house price corrections, and potential for being neutrally geared. They also mention the importance of setting up a dream team in every state for diversified property investment.
📊 Market Analysis and Investment Strategies
In the final paragraph, the hosts wrap up the podcast by summarizing the key points discussed and the importance of market analysis in property investment. They mention the high demand multiples in areas like Cranbourne, with up to 300 buyers per house, indicating a very hot market. The hosts also touch on rental market growth, potential immigration, and the increasing population in certain suburbs. They conclude by inviting listeners to join their Discord channel through their Instagram for further data points and investment insights, emphasizing their role in helping people establish property investment strategies.
Mindmap
Keywords
💡Landlord Society
💡Property Investment
💡Boom Locations
💡Supply and Demand Metrics
💡CB Richard Ellis (CBR)
💡Gentrification
💡Landlocked
💡Upgraders
💡Rental Yields
💡Interstate Demand
💡Infrastructure Investment
Highlights
The Landlord Society podcast discusses strategies for property investment in the Australian market.
Presenters Charlie and HDK share exclusive information on promising property locations for the next 6 to 36 months.
Key supply and demand metrics are emphasized for short-term and long-term growth potential.
CB Richard Ellis's report on property valuation insights for 2024 is referenced for its significance.
A non-financial advice disclaimer is provided, encouraging listeners to consider the locations discussed critically.
Perth, Adelaide, and Brisbane are identified as target areas for property investment based on growth outlook.
Mandura, Rockingham, and the pocket between Canning Vale and Armadale are highlighted as hot spots in Perth.
High rental yields and affordability in Mandura make it an attractive investment opportunity.
The demand ratio in Mandura is extremely high, indicating strong buyer interest.
Playford region in South Australia, including suburbs like Elizabeth, Blakeview, and Hillbank, is noted for its potential.
Infrastructure investments and gentrification in South Australia are seen as catalysts for property growth.
Queensland's potential is linked to the upcoming Olympics, suggesting a boost in economic activity.
Suburbs connecting Brisbane and the Gold Coast are recommended for their landlocked status and growth potential.
Cranbourne in Victoria is identified as an area with correcting median house prices and high demand.
Landlocking is introduced as a concept where demand remains high due to limited land supply.
The podcast concludes with an invitation to join their Discord channel for further data points and community engagement.
Transcripts
[Music]
what's going on guys welcome back to
another episode of the landlord Society
podcast I'm Charlie you're here with hdk
and we help people replace their income
through the landlord Academy through the
Australian property market now today
we're going to be talking about some of
the boom locations some of the hot
property locations that we feel are
going to provide the best opportunity
for property investors moving forward
Hond you got some pretty interesting
findings for us can't wait to share this
with you guys this is pretty exciting
because you know this is pretty
exclusive information some of these
locations I feel are going to do
extremely well in the near future you
know the next 6 months the next 3 years
we like to look for short-term growth
and long-term growth looking like moving
forward okay those key supply and demand
metrics is something that we've taken
into consideration that's right so
Hall Spill The Source spilling thece
let's have a look let's talk about these
this is some hot sauce it is very spicy
sauce we like spicy hot sauce red hot
all right boys and girls we are in for a
rise strap yourselves in if you haven't
done so make sure you drop us a follow
hit that subscribe and uh yeah join us
on Instagram and on our Discord we've
been sharing this information with our
community which has been really really
exciting so um and the way you would do
that is by through the Instagram yeah
they know what to do I think so they
know the drill Dr I think that's a good
start yeah cool today we start off we're
going to be looking at three different
states to start off our discussion today
uh we may squeeze you in the fourth
bonus U but stay tune for that one uh
but look we we've actually got our hands
on a report done by uh by CBR CBR is one
of the biggest valueable companies in
Australia if anyone's looked at property
from a valuation perspective it's um it
would be this company CB Richard Ellis
that's right so um they've done a report
on uh based on one Insight 2024 and
they're looking at what that would
entail for the future as well so we're
going to have a very very much of a
helicopter View and then we're going to
look at some we're going to actually pry
and drill into some of the real suburbs
as well um just just sort of just sort
of eyeing off what what could be the
good growth out there also just want to
cave this is a non-financial advice
podcast this is an educational podcast
okay consider these locations don't go
in blindly this is these are locations
that ourselves as property investors are
looking to purchase in in the near
future as well bear that in mind
absolutely and also what we won't go
through is the exact types of properties
that need to be purchased in these areas
because of time constraints however it
is also very important that you actually
match the type of property with the area
that you're going for but we are looking
at these areas as very strong growth
amongst many available in Australia of
course um so let's let's actually take
this on with a pinch of salt but uh but
we are actually showing a lot of value
so stay tuned toward the end of the
video of course so according to CB
richardy some of the some of the areas
of growth okay um strong to very strong
demand over the last 3 months past okay
perth's coming at number one okay y very
very not surprised by that yeah very
very strong Adelaide is at number two
Brisbane Metro at number three Brisbane
out of Metro at number four Gold Coast
and sunny Coast at number five Tasmania
Sydney Metro Sydney out of Metro
Melbourne Metro and Melbourne out of
Metro and act okay we've got right now
the most active buyers in the market
okay over the last 3 months is the first
home buyers and then it's the upgraders
and then it's the local investors and
then it's the downsizers and then it's
the interstate investors and then
interstate migrants and then overseas
migrants and then lastly developers so
developers been pretty quiet over the
last three months which is interesting
okay so in terms of the increase in
demand okay increase in demand where
we're going to see most of that increase
in demand over the um um sort of the uh
you know over the next sort of 12 months
or so is that is number one sitting at
Perth okay so with there there is a good
chunk of valuers out there that about
30% of them they think that the
valuation will increase by more than 10%
in Perth okay increase by between 5 and
10% about about 60 respondents are
saying that that what the situation is
going to be in Perth second is Sydney
Metro okay so there's about 10% of
respondents that are Rec that that think
that it's going to increase by more than
10% % mind you valuers are typically out
of the entire industry are the most sort
of you know if you sort of Stack it up
against real estate agents and you know
bankers and you know um and and the
likes and con lawyers whatever and
accountants you know values are probably
the most conservative when it comes to
their Outlook so they think that Sydney
Metro is going to be second aday is
going to be third um where 40% of
respondents have said that it's going to
increase by value between 5 and 10%
Brisbane Metro Gold Coast and sunny
Coast Sydney Melbourne Melbourne Metro
Tasmania and Brisbane outro and act in
its order so we're looking at really
Perth Adelaide and Brisbane as our
target areas for today okay we're going
to discuss that based on their sort of
Outlook okay and obviously it drills
down into sort of uh you know what
different types of properties will do
but today's focus is obviously on
location so let's start with wa let's do
starts with wa Perth is all the rage
Perth is all the rage at the moment so
bit of bit of caveat with Perth is that
there has been a lot of growth that I
think there is a lot of room left in it
yeah it will just come down to your
property selection but some of the
hottest areas that we like is mandura
mandra mandra mandra I like to call it
mandura because I think mandura I like
mandura very much okay I like Rockingham
Rockingham y rocking very much I like
the pocket between canning Vil and
armadel yes that is y and for those of
you who are sitting sitting there
thinking oh these are disgusting suburbs
whatever guys good let them think that
give just whatever
guys we're here to make money okay we're
here to do the right decision and like
you know if anyone's bought in almadel
in the last 12 months right none of them
they're going to laugh at you median
yeah median is like growth I think it's
been like 30% 30% so look and that's
where the growth is where the weakness
is there the growth so these are the
areas that we're looking at right now if
we look at for example uh mandura okay
we just talk about mandura for now
mandura is it's a nice area it's
actually a really Nicea Mand is not too
bad yeah there's an interesting rep a
there you know like it's never been
known to be a high socioeconomic area
however there are Pockets within mandra
that are you know that appeal to
retirees you know wealthy people as well
you know so it's actually quite nice it
is a nice area and and um Charlie you
grew up in uh wa I did yes from yeah so
you You' know that area pretty well um
and and the thing about mandura is that
it's got um it's got water yeah yeah it
has being near water yeah people like
being near water and and it's actually
not that far from the CBD it's about an
hour about an hour yeah and it's
actually it's actually not so bad at all
and if we look at some of the returns
there and on you know the the rental
yields are actually quite high so for
those of you who want to be neutrally or
positively geared there's a good
opportunity for you to do that there um
and what we look at is that you know yes
it has had a very strong growth over the
last 12 months but what gives me more
confidence into the future is its
current demand so the demand ratio that
we've calculated is sitting on about 40
to1 so there's 40 buyers to one house at
the moment okay strong yeah and look and
the medium prices are very very much
affordable and a lot of the offerings
that you're going to get is going to
come lck locked in with quite a lot of
land offering as well which is really
really awesome and also uh and and what
we do is we can actually compare the the
types of properties that they're gone
for so between three bedroom and five
four bedroom homes is that four bedrooms
there is a lower but there's also lower
supply of them as well okay which is
really interesting and and there is but
there is a good about 60 40 split across
three three to four bedroom properties
as well so which means that there's a
growing demand for these four-bedroom
homes which means there's growing demand
for owner occupies in the area as well
unoccupied demand which is which is what
you want to see and that there's a
growing element sustainability and
growth yeah exactly right and so uh the
stock is reducing as well in the area so
there's less and less stock but there's
more and more buyers that seem to be
coming into the area that demand isn't
going to dry up just like that we've
discussed it in the previous episode as
well but um we you know when it comes to
demand for housing that's not something
that dissipates out of one news article
it's it's something that's built up over
you know years of conditioning ideas and
you know affordability and around
household not just a single person's
opinion so uh based on that the demand
that we're seeing especially that
multiple is actually quite High um a
really good value ad opportunity in some
of these properties as well it's seeing
that there is current demand um as you
know as well as the type of stock that
you're getting through the property so
these are some exciting numbers
obviously rental growth is uh also quite
poignant when it comes to considering uh
you know property demand as well but
when rental um yeah rental currently
there's about uh currently there's about
um 10 renters to a house at the moment
10 10 potential tenants to our house at
the moment there there's there's that's
quite a lot yeah those are active active
rentals at the moment so um that's a
really really exciting area within Perth
and I think it being a Beach town and
once that gentrification comes through
it's going to be very very hot to be
owning a property whoa whoo hold up
landlord Society are used to get tired
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property investing now back to the
podcast yeah in Madura okay um what I
might do is we might switch over to a
different um different sort of um we're
seeing sort of similar numbers in in the
other suburbs that we did mention so do
keep an eye on those suburbs too but we
might actually swing over to sa now all
right let's do South Australia South
Australia so very exciting in South
Australia some of the opportunities I'd
say would lie within that locations in
South Australia yeah so I think South
Australia we're still looking at around
about that Playford region okay yeah
Playford region that encompasses areas
like you know Elizabeth Blake View and
you know hillbank um potentially even
including Davon Park as well but having
said that yes again one of those very
weaker suburbs here uh but the offering
there is quite strong the growth has
been very very strong as well um and
properties turn up there very very
quickly with lots of off-market
transactions happening as I can observe
here so um it's in the suburbs that I
did mention already we are seeing ranges
of um um you know medium price ranging
you know up to $200,000 so it's
something as low as that sort of that
you know mid 400s or something as high
as like you know mid 600s that we see
and the good thing about this is that
when Pro when suburbs are so close to
each other that have massive price
differences well then the cheaper Subs
are going to start playing catch-ups to
that as well yes y so those are of the
opportunities that we're seeing it's
like a dragging effect exactly right and
look there is a there is a stark under
Supply in in this area that's why a lot
of properties get handed over off market
and those that data points don't often
get logged in to some of the softwares
that we have access to however um by
having said that there's about 100
multiple okay 100 multiple so there's
about 100 buyers to a particular house
at the moment in uh in in Elizabeth at
the moment and I and I suspect it's
probably because of a lot of Interstate
demand yep y so for those of you who are
sort of looking at these sub and going
that's a disgusting Subway well you
haven't seen the money they made so
that's why that's why um just that is
crazy supp uh supply and demand yeah
exactly right so I I've actually we we
are a breast of all the conversations
with the local real estate agents in
especially in this part of Australia um
and our finding is that the market is
red hot at the moment and that demand
isn't going anywhere uh and for that I
wouldn't be surprised to see yet another
10 15% growth in over the next 12 months
not to mention it has probably one of
the best um rental growth Curves in
Australia very steady growth um and in
the last 12 months have been very very
strong uh in its growth as well which is
which is very very encouraging to see
yeah right so uh and the whole area is
sort of I can see that you know the
government's putting in infrastructure
what's been announced and what's been
done has been very very um encouraging
in terms of its gentrification um and it
is that change of that environment is
what I'm observing as a potential
opportunity for South Australia yeah
yeah fantastic um and so there is a
couple more subs that I could mention
but let's swing over to Queensland for
now yep Queensland Let's Do It Best
locations in Queensland best locations
in Queensland so Queensland is a very
exciting State we are potentially that
you know investing around the Olympics
have yeah have major demands yeah major
demand for that Olympics do bring in a
lot of economic activity um and a lot of
stimulus and internationally that
strategy has been proven to be very very
successful yeah right so every time
there that and that is a really good
medium-term strategy to get in I don't
think the prices have reflected onto it
just yet but having that foresight is
some is another good skill to have for
property investors of course something
to keep an eye on yeah something to keep
an eye on that's right so in in in
Queensland um basically there's a very
very interesting land loocking
opportunity uh and the the opportunity
that I see is sort of in the area below
sort of signing Bank um towards um
towards towards your your Gold Coast
that area so the Gold Coast is a place
of heat and you've got you know your
your brisban CBD which is another sort
of place of heat and that's going to
generate a lot of value and basically
any suburb that sort of connects between
those two lines is in a good place of
land loocking with limited supply of
land we're looking at property prices
around that about you know High sort of
500s but because of the limited Supply
and the growth that we're seeing in both
of these cities right bresan and you
know your your goal coast and you know
and that that information is very very
our Outlook is very consistent with the
professionals Outlook as well with C in
their reports so any of those Pockets
there is going to be seeing quite a lot
of demand and growth as well it
inevitably has to we're seeing also
pockets of strong growth in areas like
ipswitch at the moment but when areas
like IP switch is growing and it's and
it's pumping and you know there's and we
see because of the numbers of um child
carees that are moving into that and
getting developed in that region as well
but if you actually look at the pocket
between Brisbane and goast whatever area
that you can afford between that with a
nice house offering with a nice um with
a good selection that that's going to
you know that's going to have longevity
in property that's going to be the area
that you want to be that you want to be
hit that Mak sense yeah U rental yields
aren't as strong in these areas compared
to the other suburbs that we've already
mentioned but there's definitely
opportunity and strategies that you can
Implement to actually increase that
because there are educational
institutions that are available with in
between that where there could be
increased demand for housing um on
probably a shorter term or a smaller
scale basis as well also yeah and also a
lot of opportunity for development and
subdivision too so you can increase your
yields whilst getting the growth ex
exactly right exactly right and and the
the the market is ready to digest that
yeah yeah so U you know we've seen you
know areas like you know uh Logan
Central uh We've looked that areas like
a cassia Ridge sort of basically all the
pockets that um you know Queensland has
a lot of different little sub but
basically that pocket is sort of what
you're looking at and and there will be
some Pockets that will outperform the
others but we're looking at on a on a
general basis we don't have the actual
Crystal Ball but if again like we we are
giving you the closest thing to it based
on objective data exactly right and I
think I I think around there is good and
if you're if you're setting yourself up
for for a property acquisition in the
area where you think it's going to be
benefiting you um and and you can
actually you know position your cash in
a way that you're not actually out of
pocket so much right you know with the
bank's interest and whatnot and you
actually do qualify to own a property
there well jump into it um and then and
then in the medium to long term your
interest rate is going to turn in your
favor and you got the Olympics that are
coming in as well um so I think
Queensland investment is going to be a
pretty pretty solid one especially in
these locations depending on the
properties that you do select and of
course we have a bonus let's do Victoria
let's do Victoria okay best locations in
Victoria I know a lot of our listeners
are from Victoria because of population
of course but having said that I I I
think the skill in property investing um
comes down to your ability to set up a
dream team in every state like in in
localized way so by the way you don't
need to invest in your state in your
state that's that's that's I mean you
know there are depending on the state
that you're in there could be um land
tax implications that could blow out
your land tax liability because you own
multiple properties within one state so
I think if you are well equipped for it
which we are training our students to be
able to do um and and being able to pick
up opportunities and money and Equity
from multiple States could actually be
one of the strategy that optimizes your
land tax
liabilities because because of this evil
think or amalgamation am I right yeah so
but um yeah so we're looking at we're
looking at Victoria uh and I think a
really good opportunity for Victoria and
this is and and unfortunately for
Victoria is that there's a lot of
um it's it's very expensive in Victoria
yeah it's very expensive in Victoria and
you know it's it's we're going to have
Sydney all over again in Victoria I
think yeah it's like when they're it's
like the suburbs that are affordable
tend to be shitcoin Regional suburbs
it's getting to that stage it's it's
getting to that very speculative stage
but if I were to be able to sort of dip
a little bit deeper into my pockets and
jump into a market like Victoria I'd be
looking at areas like cranber okay okay
cranber is that Southeastern suburb and
if you go any further than cranber
you're going to hit the coast basically
Geographic if you actually look at the
map cran bran is basically the last sort
of Metropolitan Ser before you start
hitting the beach so um and you know
it's and it's and it's still quite
accessible sort it's nearby sort of that
um that that sort of I wouldn't say it's
nearby but it's definitely quite far
from the CBD but it is closer to some of
the it is still reasonably close to some
of the the very busy suburbs that sort
of that sort of distance itself away
from the the the CBD to actually start
generating more activity there as well
so um when I look at cranber the supply
and demand ratio is there the pricing in
cranber in terms of median house prices
has been correcting itself so it was
overheated at a point in time but it's
sort of if you look at the graph it's
kind of funny it looks like a stock
chart it sort of it's kind of
consolidating and then I think at this
point in time people are going to
capitulate and understand that actually
cranber is a pretty decent place to be
there's good opportunities there the
price is still affordable we're going to
still have to shoot around that 600 to
Mid 600s uh in property acquisition for
a decent property down there yeah um but
if you find something like that you
would be able to hit as well as um as
well as being neutrally geared and being
able to ride that Equity curve upward
that's good that's what we like to see
that's right and because of its land
loocking opportunity there and just sort
of the employment that goes around it's
it's a really really exciting let's
really really quickly touch on land
loocking cuz I know what it is you know
what it is there's probably some new
listeners here that don't know what the
hell land loocking even means land
loocking is give it to me in in 15
seconds yeah Okay cool so landlock King
is a very interesting concept where the
area that you're looking at cannot
create any more supply of land cool
effectively cool so people still want to
be in that area but there might be a
beach or a coastline that's stopping the
supply from expanding exactly right so
um and that often um attracts a lot of
demand and and encaps Supply so what
will happen is let's say there's a city
okay if we look at for example you know
like like a city like like Adela for
example you got the ad CPD and then
towards the West is a bunch of land and
people living in that land there's the
airport as well which it takes up a huge
chunk of land towards the west and then
boom it's the beach so you can't
actually create any more houses towards
the beach anymore right so that beach
basically land loocks every opportunity
within the western suburbs exact and
then towards the east of Adelaide you
you got the you got the really high
hills right so it goes flat and then
boom comes up the hills similar to per
exactly right yeah we and we see traits
of this across you know there are
landlocked suburbs in every state
austr look at it lied typ if you can
find you jump in oh yeah yeah yeah yeah
absolutely agree and to be honest in in
Adela there are there are growth pockets
in this area and the reason why I
haven't talked about it in in light of
Adelaide is because it is incredibly it
is
incredibly expensive so the growth will
be there but the entry won't be there
for you yeah that's why I have taking it
out of this podcast yeah depending on
your budget we can set you up with any
kind of strategy of course right like
dude if you got like a $1.5 million
budget we'll tell you where to go right
but that'll be different to if you come
to us with a $500,000 budget then we'll
tell you to go somewhere else right no
it's not to hell cuz it's sound like
sound like that go no but there is a Bud
there is a strategy for people anywhere
you know anywhere up from $300,000 to be
honest yeah yeah absolutely even
$200,000 we can set you up with a good
strategy right that in terms of want to
make money in fact I think we have a
strategy for people who can't even buy
properties actually yeah typically
something that we don't work with but we
have had to Resort down to that level
and people have done incredibly well not
even owning a property making money for
the property which is a bit left F but
yeah most of the strategies that
involved purchasing a property we can
establish a strategy anywhere from
$300,000 upwards yeah exactly in terms
of budget there's also strategies like
partnering with the right person or
joint ventures and things like that you
can which you can you got to be creative
absolutely but if you want to hone the
strategy that's how we help people do
that exactly right and you know just to
sort of cover off on the um on the
conversation around cranber in um in
Victoria is that there is a massive
demand multiple there right okay so
there's about there's about 300 buyers
to one house there oh my goodness yeah
currently and so if that was to be
stripped down to half you got 150 buyas
too to one to one house still so that's
that's quite a lot that's actually quite
a lot so um having said that it's it's
going to be um you know depending on the
type of stock that we're looking at that
is right not on on a market basis but on
the type of stock that we are looking
for there's actually quite a lot of
buyers at the moment in in that
particular area very very very hot
demand indeed um so and and obviously
the rental uh market for this area has
shown some incredible sharp incredible
growth in recent times that means that
there's going to be a lot of immigrants
and people trying to trying to you know
Cross suburbian or with in within the
local state or you know you know
Interstate um
demand immigration that are actually
coming to the area not sure whether you
know whether there be a different
nationality or not but the data we're
seeing is that that suburb is is
increasing population very very quickly
not from a population data point of view
because it's hard to collect suburb
specific population data unless we do
another sensus in Australia but we can
see that from the rental demand that's
been spiking in the area yes yeah ex
great stuff guys so these are some of
the hot areas that we'll be looking at
we will be um supplicating some of the
data points Within in our Discord
channel so if You' like to join that um
the best way to find out about that
Community is through our Instagram you
know the drill the landlord. soet no
landlord. landlord. soety that's it
that's it fantastic great stuff guys
we'll see you in the next episode cool
cheers guys peace
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