My partner and I are looking at investing in property in Queensland (rockhampton etc) does anyone have any suggestions as to the best way to research suburbs.
Hello.
I’ve just been researching a distant suburb myself and have found the following to be useful:
1) Go to http://www.propertyvalue.com.au. You have to pay a fee for their in-depth research and figures but you can do a free postcode search which wil give you broad figures such as demographics, employment, home ownership and so on. It’s a decent start.
2) Check out the council website for the area. Pay particular attention to the sections of the site relating to new developments in the area (private or public). You may alo find archived council reports detailing future vision for the area, outlining areas of concern and so on.
3) If you can, get your hands on a local and/or community newspaper or two (back issues as well, if possible). Residents views will often be well represented in publications like these (particularly in the Letters section) and you can get a feel for the area without being there. Often crime or police reports are included as well.
4) Gab to as many local real estate agents as you can. They have an eye on the market and can tell you what people are looking for at any given moment. Talk to a couple to get a good overall picture.
That should give you a good start and shouldn’t take too long. Anyone else care to contribute ideas?
Art
‘Great spirits have always encountered violent opposition from mediocre minds.’ – Albert Einstein
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