There are a lot of aspects that affect the value of a property, such as area, access to facilities, views, proximity to water, etc. Knowing this is part of your job as a Real Estate Agent and helps when you are advising buyers on a property and the area’s economy and potential.
A great metric that can help refine the viability of future profitability is schools and future schools.
In November 2017, Queensland’s Labor Premier Annastacia Palaszczuk committed to building 10 new schools while refurbishing 17 old ones. While the refurbished schools could potentially drive profit in their areas, imagine a school popping up around the block from a property? That can seriously increase a property’s value!
Keeping on top of your target areas development can give you a good indication of future capital growth.