Ever wonder how successful investors select the areas they invest in? Find out what key indicators of capital growth you should look out for to help you invest successfully.
Historic Data
First thing is to look at the historic data of the area if there is any. The past performance of a suburb can help predict future capital growth.
Planned Development, Infrastructures & Amenities
A simple google search of the area can help you find out what developments, infrastructures and amenities are being planned or are in the works. More community areas, better transport, or growing the local village are key elements that will help an area grow.
Population Growth & Low Supply of Vacant Land
Where supply is constant and demand rises, prices tend to rise too. Areas with strong population growth and limited capacity for building new housing will likely increase the level of demand for property in the area, which in turn affects capital growth.
Rising Rental Prices
A sure sign the area is popular with tenants is when rents continually rise in the area. Different websites and apps can provide this information, or you can discuss this with a property manager who specialise in the area.
Final thoughts
When considering what area will be best to invest in, don't limit it only to suburbs near where you live. Look at the entire region before narrowing down your options based on which areas will likely have the best demand, rent, and capital growth based on the historic data, population growth, rental price growth, supply of vacant lands, and planned improvements in the area.
If you're considering Property Management get in touch with us today. Locally owned and managed, we offer residential property management services across the entire Wellington & Hutt Valley region.
We take care of investments, offering peace of mind and a personal service to investors and tenants alike. Our solutions are backed by industry-leading technology and proven systems that promote both excellent property care and strong investment returns. Taking on all aspects of the landlord’s role, we guide our clients with professional, tailored advice using our extensive experience and insight in the rental market that can only be built over time.
If you would like to chat about the possibility of working together, or to receive a no-obligation, FREE Rental Appraisal get in touch with our team today.
Quinovic Johnsonville | Wellington
Call Jordan Atkinson - 027 297 0873
Quinovic Hutt Valley | Wellington
Call Helen Vance - 027 487 8103
Quinovic Kent Terrace | Wellington
Call Jordan Atkinson - 027 297 0873
Quinovic Wellington Property Managers