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Imagine if you bought a few terraces in Paddington in the mid 70s? You’d have had amazing returns on your investment within the first 10 years and astronomical returns by now. So it’s always a good idea when buying a property to ask yourself, where’s the next Paddington? What areas and suburbs are likely to outperform the market? I think you can research this a few different ways.
The first is what I call my Vespa tour. In essence, I get on my Vespa on a Sunday morning and ride around areas I think may fit the profile of the next Paddington. I find these by starting with areas I know are in hot demand right now (Annandale, Surry Hills, Manly, etc) and then find adjoining pockets, villages and suburbs that haven’t quite hit the radar yet. I use Google Maps to help me spot a few of these but usually by jumping on the Vespa and spending a few hours and several cappuccinos later I have unearthed a few gems. I write about these areas from time to time on my blog.
Another good indicator is to see where people are starting to concentrate on when it comes to online research. This tells you ahead of the curve where the weight of money is looking to house itself, literally. So I’ve compiled a list below of the Top 20 Most Searched Suburbs on our web site over the past 90 days. Check them out & see what you can spot.
- HUNTERS HILL
- LANE COVE
- PADDINGTON
- LEICHHARDT
- CREMORNE
- MANLY
- NEUTRAL BAY
- ANNANDALE
- TERRIGAL
- ROZELLE
- SURRY HILLS
- RANDWICK
- KILLARA
- COOGEE
- GLADESVILLE
- MARRICKVILLE
- MOSMAN
- NAREMBURN
- BONDI BEACH
- ARTARMON
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