33. Find out what will trigger a price growth spurt in the suburb
Positive change affects capital growth. Proximity to existing schools, shops and transport sounds positive, but doesn’t translate directly into capital growth. For example, if a train line is extended into a suburb, property prices in that location will rise as the new infrastructure benefits residents making the place more desirable to live in. But after 10 years, the value of having a train station is already well and truly factored into the price of properties. The rapid price change occurred when the new train station was built.
Positive change is what is needed to keep a property market growing above the national average growth rate. Locations with the least infrastructure are the ones that can change the most if that infrastructure is added. Markets that have already can’t experience the same level of change.