[Podcast] Why Some Secondary Suburbs Soar with Stuart Wemyss
3 min read
Have you ever wondered why some locations that could be labelled as ‘secondary’ outperform the established blue-chip suburbs?
What drives this unexpected surge in property value, and more importantly, is this a trend that savvy investors should be paying attention to?
Should you be looking for these suburbs, or should you stick to blue-chip locations?
I’d like to know if this is a mere market fluctuation, or are we witnessing a fundamental shift in what defines a ‘smart investment’ in our property markets?
That’s what I ask my guest today, leading independent financial advisor, Stuart Wemyss, director of Prosolution private client.
The art of selecting high-performance real estate
In our conversation today, Stuart and I explore a range of topics, from property investment trends and the impact of demographics on real estate to strategies for sustained success and the effects of the COVID-19 pandemic on urban migration patterns.
I get Stuart’s perspective on important questions about the benefits of investing in prime locations instead of secondary ones.
- Why Stuart wanted to explore the topic of investing in blue-chip suburbs
- Long-term benefits of investing in prime locations, emphasizing historical performance over short-term gains
- The long-term perspective requires looking at a period of around 20 years
- Selecting locations with the potential for steady appreciation over time
- The ‘ripple effect’ and gentrification in suburban property value appreciation
- Effects of the COVID-19 pandemic on the way people live and what housing they look for
- The crucial role of property location
- How borrowing capacity has changed over the decades
- Impact of demographics on property markets
- The influence of government infrastructure decisions and how the lack of infrastructure in some areas affects property
- Stuart Weems’ personal experience with his first property investment purchased in the suburb of Moorabbin
Whether you’re a seasoned investor or just starting out, today’s discussion provides a comprehensive guide to making informed property investment decisions that align with your long-term financial goals.
Links and Resources:
Stuart Wemyss – Prosolution Private Clients
Stuart’s Book – Rules of the Lending Game & Investopoly
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Some of our favorite quotes from the show:
“But that 1% or 2% growth doesn’t sound like much until you compound it year after year after year, and boy does it make a difference over the 20 – 30-year period.” – Michael Yardney
“We’re just not building enough infrastructure. It delays long behind population growth and just general growth of the area, and the governments are more likely to be putting the new infrastructure closer into the CBDs and closer to established areas.”– Michael Yardney
“Learning to manage our urges helps us in various areas of our life, be it sticking to a diet, maintaining a budget, or focusing on long-term asset growth through property investment.” – Michael Yardney
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