Property Observer, places to avoid
Whilst it is difficult to predict
hotspots and
investing in hotspots
over other locations being called
hotspots
it is useful to know where not to invest.
Pay careful consideration before you
investinhotspots
any
hotspot
for that matter, as there is an opportunity cost to elsewhere.
The following article talks about where not to invest. This is useful as it contains information on areas where developers are destroying the area with over supply and where spruikers and property marketing companies are destroying peoples lives and dreams by flogging stock in areas of high danger. Dangerous because you have a high risk of an untenanted property, of competing for yield, having to drop your rent required in order to have a chance of getting a tenant. Think about when you finally want to sell, how many other properties may be on the market at that time that may force you to drop your asking price and lose considerable profit
