Finding High Growth Suburbs - Checklist

So are you hoping for a high growth property for Christmas? If you are, then have a look at this checklist from yourmortgage.com.au this will help in tracking down a few beauties.

Checklist for finding high growth suburbs

1. Create a hit list of towns – experts recommend populations of around 10,000 plus due to added diversity of industry
2. Are these towns still growing – population, median prices, rental yields, planned infrastructure or mining exploration?
3. Check out websites and subscribe to free property data – ANZ Regional updates, RP Data suburb profiles, ABS Census data and PRD Nationwide property research updates
4. What’s driving the economy?
5. Look for areas with a diversified economy and multiple industry support
6. What major industries support the area – who is the major employer and are they growing or falling apart?
7. Check government websites – Is new infrastructure bringing traffic into or away from town? Is money being invested in the area’s amenities and services?

What do you look for when choosing a high growth suburb?  

Have a safe  and happy Christmas!