I am considering investing in a small house near the beach in Australind (WA). What factors should I be considering to speculate with price growth? The idea is to be able to rent it out as a holiday home and use it ourselves when its empty. Investment $150k.[?]
Investor
Sorry not from WA and haven’t heard of Australind?
However, I think that generally the thing the causes prices to increase is supply and demand. Is it an area that people – lots of people are going to want to live in and are there features that will make the supply restrictedeg a mountain range or national park etc that restrict how far development can occur. What is it that attracts people to the area? Are Council town planning going to restrict future growth eg limiting the hight of buildings.
Bribie
Hi Investor…
What are you trying to achieve with property investing? It really depends on what you want to do. Are you looking for positive cashflow? or Capital growth?
Have you read Steve’s book 0-130 prop. in 3/5 years? You will learn different stategies that you might be able to use.
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