Tip Five: Follow the infrastructure
“Infrastructure drives property prices, which is why experienced investors follow infrastructure trends,” Parker says. “The EastLink did a lot to boost prices in areas like Seaford and Ringwood in Melbourne back in 2008, and the extension to Mornington – which commenced construction late 2010 – is already having an impact on areas not usually favoured, like Frankston North, Karingal and Carrum Downs.” She suggests that you look at where the government is upgrading infrastructure, as it is a sure sign of an up and coming “hot spot”.