Tips for beating the mob to property hot spots
Wednesday July 19, 2006
By Anne Gibson
A New Zealander living in Australia has compiled a list of real estate hot spots and says he can identify the factors which point to areas where prices will begin to rise quickly.
Terry Ryder, formerly of Fairlie in the South Island, said his website at www.hotspotting.com.au has pinpointed the highest growth areas for residential real estate in Australia.
He plans to focus on New Zealand's emerging areas soon.
People usually missed out on finding the highest growth areas because they were too late discovering the trends, Ryder said.
"I've pinpointed the future hot spots throughout the country," he said.
"By the time the media has spotted that an area has boomed, it's too late for investors.
"So I'm telling people which areas have boomed, why and which ones are next and I've been researching this for the last two years.
"The same principles apply to New Zealand," he said.
He wanted to show investors how to pinpoint the future growth areas in New Zealand and to warn about traps and pitfalls.
He charges A$70 ($84) for an Australian national report and A$50 for a state report, although some information is free.
Ryder is the author of Real Estate Without Agents, a controversial book which he has promoted in New Zealand but which former Real Estate Institute president Graeme Woodley said in 2004 had "laughable" claims.
Howard Morley, the current institute president, said Ryder's contentions were wrong and most New Zealanders sold their properties through real estate companies because that was the best system.
Ryder said even though Sydney residential prices had been described as a "basket case" the city still had identifiable hot spots.
"I can instantly think of four different types of hot-spot creator categories that apply to the Sydney market," Ryder said on his website. People thought hot spots only occurred in hot or growth markets but diligent people could find areas about to take off in price, he said.
Water was the single most alluring factor in driving prices up, followed by natural features such as hills. The creation of a bridge, tunnel or motorway was another important factor. Ugly duckling suburbs about to be transformed were ones to look for, and discovery of minerals or other resources changed an area's fortunes.
THE NEXT BIG THING
What creates a real estate hot spot? Look for areas with these features:
* Sea change: water features add the most value in property.
* Hill change: people are heading for higher ground.
* Infrastructure: a new road, bridge or motorway creates demand.
* Ugly duckling: a stigmatised suburb or area can change.
* Urban renewal: a government policy change can turn around fortunes.
* Resources boom: new gas field or mine discovered
Wednesday July 19, 2006
By Anne Gibson
A New Zealander living in Australia has compiled a list of real estate hot spots and says he can identify the factors which point to areas where prices will begin to rise quickly.
Terry Ryder, formerly of Fairlie in the South Island, said his website at www.hotspotting.com.au has pinpointed the highest growth areas for residential real estate in Australia.
He plans to focus on New Zealand's emerging areas soon.
People usually missed out on finding the highest growth areas because they were too late discovering the trends, Ryder said.
"I've pinpointed the future hot spots throughout the country," he said.
"By the time the media has spotted that an area has boomed, it's too late for investors.
"So I'm telling people which areas have boomed, why and which ones are next and I've been researching this for the last two years.
"The same principles apply to New Zealand," he said.
He wanted to show investors how to pinpoint the future growth areas in New Zealand and to warn about traps and pitfalls.
He charges A$70 ($84) for an Australian national report and A$50 for a state report, although some information is free.
Ryder is the author of Real Estate Without Agents, a controversial book which he has promoted in New Zealand but which former Real Estate Institute president Graeme Woodley said in 2004 had "laughable" claims.
Howard Morley, the current institute president, said Ryder's contentions were wrong and most New Zealanders sold their properties through real estate companies because that was the best system.
Ryder said even though Sydney residential prices had been described as a "basket case" the city still had identifiable hot spots.
"I can instantly think of four different types of hot-spot creator categories that apply to the Sydney market," Ryder said on his website. People thought hot spots only occurred in hot or growth markets but diligent people could find areas about to take off in price, he said.
Water was the single most alluring factor in driving prices up, followed by natural features such as hills. The creation of a bridge, tunnel or motorway was another important factor. Ugly duckling suburbs about to be transformed were ones to look for, and discovery of minerals or other resources changed an area's fortunes.
THE NEXT BIG THING
What creates a real estate hot spot? Look for areas with these features:
* Sea change: water features add the most value in property.
* Hill change: people are heading for higher ground.
* Infrastructure: a new road, bridge or motorway creates demand.
* Ugly duckling: a stigmatised suburb or area can change.
* Urban renewal: a government policy change can turn around fortunes.
* Resources boom: new gas field or mine discovered
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