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Your town could soon become a property hotspot

Is your town a good bet for future property investment? The ‘Long Shots 2014’ list, by real estate investment website hotspotting.com.au, has given its top 10 potentially big areas for buying in the future.

With some areas seeing huge increases in property value due to increases in industry in the area, the website has predicted the towns which, as the list suggests, are long shots and but that may prove to be a wise long term investment. With towns like Port Hedland in Western Australia booming due to mining, a property that fetched $193,000 ten years ago has been snapped up recently for $1.2m.

This type of investing can be very risky, but the hope is that over time property will increase in value regardless of whether the a .....

10 Oct 2014 by

Kelly Luff

 in 

Neighbourhood

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