Where do you find the best capital growth? Often, not where you might expect.
Some real estate professionals claim the best place to buy for capital growth is always the prime inner-city suburbs. Indeed, some say you’re mad if you buy anywhere else.
There are two characteristics about people who make such claims: (1) they never produce any research evidence to support their statement; and (2) they have businesses based on peddling inner-city real estate.
The truth is a different story. In most of our cities, the best locations for long-term capital growth are the cheaper areas well beyond the inner city. Read more