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Thanks for that tip cbellesini, it make sense and lets you know whether it is worth investigating further.
Hi Gross,
I’m also enjoying the updates, most of this stuff you are doing is way out of my league (and a lot of the terms and concepts are new to me) but its good to hear whats happening in the bigger end of town.
I’m curious how you got to this stage in your career, did you start out with simple stuff like houses and units and progressed from there or did you work in a related industry like real estate or construction?
Cheers,Thanks for that PK, they are some good tips.
Cheers,Any tips on how to get this info?
What has your experience been Jarrah?
I could get the population from the ABS I guess but how would I get info about vacancy rates or planned works?
Cheers,I am a newbie so bear with me.
I am just starting out on the property investing journey and by looking through these forums I have picked up a lot of good stuff.
When a more experienced investor is doing their DD on a town before investing in an +CF property (I have started to pick up on the lingo too [biggrin] ) what types of info do you consider and where do you get it?
I have been looking in the forums but have not come along these questions so far, they might have been asked before but here goes.1. Is population of the town important and whether it’s population is expanding, shrinking or static (I’m guessing shrinking is a big no-brainer to stay away)?
2. The percentage of rental properties in the community, does this signify whether people are more inclined to rent or buy?
3. The vacancy rate, is there an oversupply or undersupply of units which is driving demand?
4. Are there any capital/infrastructure works scheduled for the town or surrounding areas, this would provide employment and attract more business/people (and possibly provide capital growth)?
Is any of this information important and if so where to source it?
Opinions anyone?
Cheers
