How important is population growth in a potential town you want to buy in? is it the be all and end all?
any opinions would be appreciatedOriginally posted by marksavs:How important is population growth in a potential town you want to buy in? is it the be all and end all?
any opinions would be appreciatedthe major factor that pushes up property values and in fat rentals is supply and demand.
If more people move into a town, they create demand for the properties that are there pushing up prices or rentals.
Reading between the lines of your post, I suspect you are considering a regional town. Most regional towns are loosing population.
WHen looking at regional towns consider “why is it there? What justifies its existance?”
Is it mining, – possibly this will bring people in. Is it agriculture – may this will have difficulty sustaining a population.Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.metropole.com.auPeople coming in = more potential tenants and better economy for the town
People leaving the town in droves = less potential tenants and over time everyone in the town will suffer
my veiw
Wasp
**************************************************Its not what you earn but what you do with what you earn
You must be logged in to reply to this topic. If you don't have an account, you can register here.
