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in the australian market, some great short term, high yeild investments with standard risk would be beenleigh in queensland, north west coast of tasmania, and suburban to inner city perth in western australia. heres just one of the many techniques true real estate buffs use.. Be cunning and do some real homework by becoming freindly with your local council. Reason: a good example to use here would be a rezoning/building proposal to be decided upon, but just the proposal, and submissions to local congress by established construction/building firms alone are a good indication that the area will be productive no matter what the outcome. Why?
simple... say an area in America, say nyc, had statistics which indicated the towns were growing in population (job growth and all the other economic climates would obviously be a catylist to such) and a higher density housing was required to increase the cohabitation aspect of an area of land, then a submission must be submitted to council. Everybody pertaining to that area will be informed by proposals through an advertisement in the local rag, this is your ticket! You have the information you are after, see, if you have the funds, buy at the deflated cost before the plans are approved, either way, you know that this area is popular either way. Of course - no-one will submit plans to rezone an area for nothing, there must be a demand in the first place.
this is one of thousands. Just do the homework, and apply the very principals one would apply to this industry - research, research, research!
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