Even when house and apartment prices are rising, there are still individual suburbs that outperform, and the data from real estate website RP Data to March this year really shows this.
(PRWEB) July 15, 2014
Real estate educator and speaker, Rick Otton, has analysed the data from the Australian property market for the first three months of the year and delivered his verdict on where buyers can find good prospects in the East Coast capital cities.
“Even when house and apartment prices are rising, there are still individual suburbs that outperform, and the data from real estate website RP Data to March this year really shows this” said Mr. Otton.
“In Sydney, you can pretty much throw a dart at a map and hit a hot spot. But the really incredible rises were found in North Sydney, Manly Vale and Burwood. The other notable thing about those three suburbs was that over 30 houses were sold in the first three months of the year and that the median value of those homes was in excess of a million dollars,” Mr. Otton said.
“Melbourne used to be a bit of a dark spot as far as property investing went. Even as late as 10 years ago, no one wanted to live in the inner suburbs,” commented Mr. Otton. “But the success of the postcode 3000 campaign and the revamping of the inner-city means that Melbourne has really caught up to Sydney. This is especially true in suburbs like Prahran, South Yarra and Hawthorn East, all of which have seen price rises of 30% or more in the last year,” said Mr. Otton.
“Up north in Brisbane, house prices gains have been slightly lower than the southern states, which suggests that there’s still some upside in them,” said Mr. Otton. “Suburbs near the Brisbane River such as Hamilton, Hawthorne and Bulimba have seen price gains for their homes of between 18% and 35%.”
“What all of this shows is that there are always standout performers and other slower moving suburbs in any city. Investors who are able to harness creative strategies to invest in attractive and in-demand suburbs are the ones who will do well. With strong research coupled with my proven methods, Australian property investors can really build up their property investments and the value of their portfolios in any market."
The We Buy Houses Radio Show podcasts are the first point of call for even more of Mr. Otton’s insights and research presented in a fun and lively format. He also regularly has guests from all backgrounds and experience levels as investors on his show, providing listeners with the widest possible range of insight to learn from.
Hear his latest podcasts at http://www.WeBuyHousesRadio.com.au.
Rick Otton is a self-made millionaire and property investor, based in Sydney, Australia.
Since 1991, Rick Otton has built his real estate portfolio using innovative strategies without the need for traditional bank-style loans. He is director of We Buy Houses business that operates in Australia and the UK.
A gifted speaker and educator, Mr. Otton conducts regular property training across Australia and the United Kingdom, which build on the concepts he shares in his best selling book ‘How To Buy A House For A Dollar’, voted by Money Magazine and Dymocks Book stores as one of the Top 10 Most Popular Finance Titles for 2013.
He regularly records and publishes iTunes podcasts via his channel We Buy Houses Radio.
His innovative low-risk, high-reward approach to real estate investing has been featured in a variety of Australian television programs including Today Tonight, A Current Affair and Hot Property.
Visit http://www.WeBuyHousesRadio.com and listen to Rick Otton's free, popular property investing podcast, We Buy Houses Radio.