Australians who want to make money with real estate are encouraged to avoid apartments and to stay away from Sydney and Melbourne.
Know how the Property Finance founder, Bushy Martin, said investors who want to buy in the next six months should better avoid New York and Victoria.
& # 39; I don't like hotspots because hot spots don't become stains, & he told Daily Mail Australia.
& # 39; What usually happens is that everyone rushes in for the wrong reasons. & # 39;
Australians who want to make money with real estate are encouraged to avoid apartments and stay away from Sydney (pictured) and Melbourne altogether
He advised potential investors not only to avoid Sydney and Melbourne, but also to stay away from the provincial centers of Newcastle and Geelong as well as Canberra.
Instead, he advises investors who want to buy and rent a home for the next 10 to 15 years to consider places in southeastern Queensland, Perth, Adelaide and Launceston in Tasmania – where a three-bedroom home costs less than $ 250,000.
& # 39; That is where you get the maximum capital growth, & # 39; he said.
He advised buying houses in suburbs that were more likely to be gentrified, were not surrounded by hectares of wasteland and where prices were recovering.
Apartments (blocks at Wolli Creek in Sydney in the photo) are also considered a poor investment
& # 39; We are looking for strong and growing incomes – people will be able to continue to pay more for property at that location & # 39 ;, he said.
Mr Martin also explained why apartments are a bad investment.
& # 39; They just don't fly so well for capital growth, & # 39; he said.
& # 39; There is just a force majeure of those around the nation generally. & # 39;
Brisbane and Ipswich
Chermside, just 9 km north of Brisbane city center, and Springfield Lakes near Ipswich are rated as the strongest growth prospects in southeastern Queensland.
Chermside, just 9 km north of Brisbane city center, and Springfield Lakes (photo) near Ipswich are rated as the strongest growth prospects in southeastern Queensland
The average house price of Brisbane is $ 532,308 after a decrease of 1.8 percent in the past year, CoreLogic data showed for April.
For that price it is possible to buy a three-bedroom house in Chermside.
Nearby and more expensive Hendra, which is closer to the airport, was also considered a good investment because of the proximity to good transport links.
For investors with less to spend, homes in the council area of Ipswich were considered good prospects, with homes in Springfield Lakes, a fully planned suburb, selling for $ 400,000.
& # 39; That area has potential for the lower price, & # 39; said Martin.
Rostrevor, at the foot of the Adelaide Hills, was considered a good investment, simply because it is a middle class area where good schools live.
Rostrevor, at the foot of the hills of Adelaide, was considered a good investment, simply because it is a middle class area where good schools live
The suburb, 10 km northeast of the city, is cheaper than a gentrified Norwood, but affordable enough to see future price increases.
& # 39; One of the main drivers in Adelaide, more than in other states, are the catchment areas of the school & # 39 ;, said Martin.
& # 39; There are some very good schools a stone's throw from Rostrevor and people will move – both to buy and to rent – to take their children to the right school. & # 39;
The suburb is the home of the Rostrevor College, a Catholic boys' school.
Most homes in Rostrevor sell for more than the median price of $ 464,922 in Adelaide, but for that price a less dazzling property can be found.
The average house prices in the South Australian capital have risen by 0.3 percent last year.
Houses near the beach in the western suburbs of Perth are recommended, although the West Australian capital is in the midst of a four-year price increase.
Houses near the beach in the western suburbs of Perth are recommended, even though the West Australian capital is in the midst of a four-year price increase (photo is a house in Stirling)
In the past year alone, the median house prices in Perth have fallen by 8.3 percent to $ 463,317.
Prices reached the end of 2014 after the end of mining.
Despite that, Mr. Martin saw signs of recovery in Perth and recommended suburbs from Stirling to Cottesloe on the beach.
& # 39; Rental vacancies have fallen significantly & # 39 ;, he said.
& # 39; There have been some very positive movements in the resource sector that are generally driving the Perth market. & # 39;
Since November, iron ore prices have risen from $ US60 per ton to more than $ US98, with this important commodity as an important engine for the West Australian economy.
Although Hobart was the strongest performing capital of the Australian housing market last year, Mr. Martin said that Launceston took shape as an even better long-term outlook.
Launceston, in northern Tasmania, is considered a strong prospect for investors. A three-bedroom house in Mowbray (photo), just 2 km from the city center, can be purchased for less than $ 250,000
In the year to April, the median home price of Hobart grew by 3.5 percent to $ 485,540.
Launceston in northern Tasmania, however, did even better with median prices rising 6.3 percent.
There, a three-bedroom house in Mowbray, just 2 km from the city center, is for sale for less than $ 250,000.
& # 39; I tend to focus on lower prices – they are usually more accessible to more investors & # 39 ;, Martin said.
The federal, provincial, and local governments are also pumping resources into the area as part of the Launceston City Deal, a five-year program designed to boost employment and population growth.
& # 39; According to that plan, Launceston will be the recipient of a number of very serious spending on infrastructure, through sectors such as education, construction, defense, transportation and forestry, & # 39; said Martin.
The city is also home to a campus of the University of Tasmania on the Tamar River and the Launceston General Hospital that is being upgraded.
Tasmania also attracts people from Sydney and Melbourne who move there for the affordable & # 39; tree change & # 39; lifestyle.
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