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  2. Finding the right suburb
  • 22 November 2016

    Finding the right suburb

     


    Tips for finding the right suburb to buy your home in, with housing market expert Dr Andrew Wilson.

    Transcript:

    I don't think there really any suburbs to avoid buying your first home in.

    Buyers choose according to what is important to them, that they make some compromises, and of course that they remain within their budgets.

    When we're looking for emerging suburbs, price is a clear indicator.  Of course with population growth, job opportunities, these things all follow that.  Locating where the price energy is and maybe then taking that step further outwards from that particular high-growth suburb and getting there before the rest of the pack.

    The primary mistakes for first-time buyers is perhaps to over stretch themselves financially.  I think getting into the market sooner rather than later is important and that you don't try to tick every box on your bucket list.

    Also be mindful of your individual financial circumstances.

    But at the end of the day home ownership will remain a key aspiration for Australians.

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    About the author

    • Andrew Wilson

      Dr. Andrew Wilson, Senior Economist for Fairfax-owned Australian Property Monitors and Domain.com.au is our numbers man on The Great Australian Dream. As a leading commentator on the Australian property market, specialising in housing market analysis, Andrew has a strong following with weekly columns in the Sydney Morning Herald and Melbourne Age.

      Throughout the series, Andrew will help home buyers understand what the numbers really mean and reveal the forces driving the Australian property market whilst breaking down the jargon along the way. Dr Andrew Wilson has previously held senior property and construction research positions within industry, academia and government as well as holding a PhD and Masters in Research in Housing Market Economics.

      Andrew Wilson

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  • Disclaimer:

    The information here is of a general nature only and is not intended to constitute financial or tax advice. You should consult your professional adviser, accountant or taxation expert for advice specific to your personal circumstances.

    The views and opinions expressed in this article are those of the author alone and do not necessarily represent the views or opinions of RAMS Financial Group Pty Ltd ABN 30 105 207 538 (RAMS),  Westpac Banking Corporation ABN 33 007 457 141 (Westpac) or their related bodies corporate. This article is strictly for information purposes only and neither RAMS, Westpac nor any of their related bodies corporate make any representation as to the accuracy or completeness of the information in this article or endorse the views expressed in it.