Bargains are often found by reading and understanding the market, researching future infrastructure of an area and monitoring what has been happening in surrounding suburbs.

Great bargains can be found by purchasing property in less desirable areas that show future potential. In doing this, you will be paying the lower-range purchase price, with the view to capitalising in the long-term when the area boom.

While it is not always possible or a sure thing to find that bargain property, there are some tell-tale signs that can help an investor find a bargain.

Characteristics found in most bargain and boom suburbs include a wide range of amenities, such as shopping facilities, restuarants, schools, and libaries, sporting facilities, parks and hospitals.

Some are in areas that are in transition from industrial to residential. They are undergoing a process called "gentrification", which normally sees a growth of cafes and lifestyle-type shops in comparison to those that just sell the basics.

Bargain and boom suburbs:

• Are on or near good transport routes
• Either beachside suburbs or have easy access to the beach
• Have a range of housing styles
• And adjoin areas where prices have grown more strongly.

If you require any assistance with appraising a possible new investment property, or if you are looking to increase your investment portfolio, please feel welcome to contact our office.

Published by PPM Group