Is it –

The price? The view? or the location?

Most people get confused over where to buy and what to buy there next home or investment. Do we buy a free standing home, duplex, townhouse or apartment?

Should they focus on the price, location or view?

What you need to know is that the price is based on the view and location. Focus on what is the best value for your dollar. If the property is really good then your not going to get it for a standard property price. Definitely purchasing in prime locations is great protection for you because prime locations has limited supply and the fundamental behind a prime location purchase is capital gains. Its the demand and supply. Prime locations will always have limited supply. To be brief and put in plain English Prime locations are advised and recommended as home or investments because 1 it’s backed by data and 2 limited supply 3 inclusion/quality. I’ve seen some of my clients miss out on great deals because they didn’t pull the trigger and purchase quick enough.

There are so many factors to look at when purchasing a home or investment. The first thing that pops into most people’s minds is the price. However, we think it’s most important and beneficial to focus on data, location and view. The price depends on these two factors, even more than actual value of the property itself. Even if your budget allows you to purchase any property on the market, with a lesser location or view than another one, we recommend taking advantage of this opportunities because these prime locations have limited supply and increased demand. This makes them an excellent investment. The locations Truth Property recommends is backed by data and statistics as well as my extensive experience in real estate in specific areas of NSW, QLD, SA and VIC.

Why would a property increase or decrease in value?

It’s the ratio of supply and demand. Prime locations are always under supplied or get sold quick because seasoned investors know when to act quickly to snap up a great deal. Especially in limited supply locations. These prime locations are prime because of the data backing them the growth and future growth it has to offer, they’re just not like the rest of the locations on that market. 

Home buyers and Investors should be concerned with the location of a property, especially when they are investing in real estate. While it is important to choose a property that meets your personal needs, location is also very important. 

Remember that prime locations always have limited supply and high demand which will ensure good capital gains over time. 

To help you find the right home or investment property, book a call with me, send me a text or email, so I may narrow down options and assist you to learn more about local market trends and purchase in the right locations.

In NSW, QLD, VIC and SA.

Have a great week

Nick (Truth Property)

M. 0426259327

E. Nicholas.parpis@truthproperty.com.au

W. www.truthproperty.com.au