All Topics / Help Needed! / Buying Capital Growth Properties
I am in the market to educate myself of buying property for capital growth. I'm looking in the Melbourne market.
All the property seminars I have been to want to sell me a property or there own theory.
Is there anyone out there that can tell me the key driver for capital growth or does anyone offer education on buying property for long term capital growth, with little going effort and no strings attached?.
Happy to learn and do the research, but then want it to sit and do well like my parents house has done over time.Unfortunately the growth type seminars only occur just before or at the start of a property boom and the market at the moment is not in a growth stage. I did a seminar with Peter Spann that was a growth strategy that didn't require you to buy over inflated priced property from Peter.
For a cheaper option .
You could buy Peter Spann's books
From Broke to Multi-millionaire in Just 7 YearsHow You Could Build a $10 Million Property Portfolio in Just 10 Years
This workshop should be just the start you are looking for. Even my experience investor clients rave about this workshop and they learnt a lot from it.
Here's the promo video link:
http://www.flashmail.com.au/mail/EmpowerWealth/empowerwealth.php
Next Event is Wednesday 12th November.
Asset selection is critical to your future wealth and this education course and new property software program we have designed is great start to learn how to research and the buy superior residential property.
Further details are available on our website:
http://www.empowerwealth.com.au
Regards
Ben KingsleyDirector
Empower Wealthjanedavo
there are many drivers for cap growth
the most obvious reason is due to supply and demand.
what drives this can be any of number of the following.proximity to infra-structure like hospitals, schools, train, bus, freeway, university
lifestyle precint, close to cafes, bars, restaurants, beach, river, parks, entertainment venues, golf clubs etc.
tourism
proximity to a CBD or regional centre.
Gentrification of previous undesirable areas ie
the more people that renovate the more desirable an area becomes, hence the more shops and cafes open up, and more people want to live there. Then the more the government wants to spend on infrastructure and the weathier the buyers are who want to move in, which keeps pushing up suburb wages and prices. …..and so it goes on. from Bum-town to Up-town.
Major government master planning encouraging new development, conversion of industrial sites to residential or commercial,
introduction of new infrastructure to the areakey industry within region having positive effects on employment and wage growth, could be a new hospital, mine, commercial precinct, what ever.
uniqueness- such as an old terrace house, art deco unit, workers cottage, victorian mansion, or if its new its generally better to have superior high demand quality design than generic stock if you can afford it , these are all limited supply, generally high demand.
land size and value is important- the closer to the city the more important this is, the land should be at least half to near 100% of the property value depending on proximity to CBD) generally your better off buying something thats has above the local average sized block, particularly if you can develop it ,sub divide it, extent the building, add value to it, what ever it is that offers a desirable point of difference to other local properties. Then you have more growth potential.
If its a unit buy one in a small unit block (4 to 10 /12 units) then there is more land content per unit. blocks of 4 are the best.all of this adds to high rent demand (like inner city)
high investor demand and home owner demandjust some ideas
and read lots of stuff, you dont to pay for courses etc. iall info available for next to nothing
best of luckhello Event Horizon,
could you please clarify what exactly is –land size and value is important? what means land size should be 50% to 100% of property value ?
thank you for your time and patience
harry
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