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My concern is: would all property managers in the area give me ‘best case scenario’ though? If they told me rental market was difficult in the area they’d put themselves out of job.
My point is: how would property managers be objective and independent as they do have a vested interest in the real estate market in the area.
Thank you for your response.
I agree that talking with people on the ground would probably be my best bet.
I still have questions though:
[confused2]
What do you mean by “independent property manager”?Would you still look at the official figures though like population and employment etc as I wouldn’t want to invest in a town that’s disappearing and most people are there on Government’s assistance.
Hi Monopoly
“Try http://www.property.com.au and check out the free suburb snapshot, see how the area is faring as far as growth, household occupancy, no. of schools in area, area size etc etc etc.”
What criteria will you consider when deciding whether to invest in a town? I’ve looked at the snapshot but it didn’t make much sense to me. Would you enlighten me and give me examples of how to ‘read’ into the stats and which indicators to look out for?
Thank you for your patience.
