Money-Magnets.Net

Written by Adrian Jameson

Saturday, 07 June 2008 19:00

Dominic Farrell has a theory to take the world and by a series of deductions bring the search area down to a post code.If you don’t know of Dominic Farrell he is the founder of UK company Beware the Sharks.

Using this method where is a good place to buy property at present?

The USA offers some great advantages especially with the current mortgage & credit crisis for the prepared investor.

India has such a huge population with a rising middle class and strengthening economy offering some fantastic investments.

The UK housing market is currently going through a re-adjustment after many years of growth and has an aging population. For those that can capitalise on these opportunities now is a great time to invest.

The Australian property market is at different stages in different parts of the country. For Perth the growth bubble burst and prices at the moment are returning to more realistic values. Sydney has spent several years as a very flat market and is beginning to grow, albeit in the early stages of the cycle. Melbourne has seen some good solid growth in the last year to 18 months after a previous over supply of apartments. Darwin and Adelaide are experiencing good solid growth but this is to do with the resources boom and in the case of Adelaide< the Ministry of Defence is investing heavily in the north of the area. Brisbane seems to have experienced fairly consistent growth due to interstate and overseas migration. However rising interest rates could still influence these markets.

So what to look for?

When looking at a city or town you want to look at what drives the area economically. Look at the infrastructure for example educational facilities, health care services and transport.

Other information that is useful is area population (rising or falling), new infrastructure planned for the area such as new schools, hospitals, airport, rail links, by-passes etc.

The good news is that most of this information can be found either at local councils, regional offices or even via their websites. Once you’ve got all this information the next stage is the fun part – to actually get out there and look at the area. This will be covered in another article.