Spruikers – Some Seminars – Giveaways – Hot Deals –Rent to Buy. Joint Purchase – Only 5 Left – Fully Renovated – Flips – Must Sell. Buy now and retire early – And the list goes on, and on, and on….
SO WHAT’S THE ANSWER
Part of my journey. Back when I was Lecturing at TAFE in Victoria in the Trade and building technical division, I started an Urban Studies Degree (Now called Town Planning) part-time. I had signed on for 5 years & was told that if I wanted to progress in the education system I would require further education, hence the extra study. I left to start my own business in my 6th year. Little did I know that my now almost complete degree would become an important part of my life years later. Here is how I have been able to assist my clients in todays marketplace.
GENERAL STRUCTURES OF CITIES
By understanding how & why cities develop in certain ways it becomes vitally important as to how to invest your hard-earned dollars into the areas with the most potential.
A TRANSITION ZONE is related to the expansion of the & the direction in which that CBD is moving.
SUBURBIAN CITIES Also have transition Zones that determine the expansion of the Suburb.
INFRASTRUCTURE Also affects the value, rent and impact on these zones in both a positive and negative impact.
POPULATION SHIFT Today this is particularly relevant as our infrastructure has been unable to keep pace with our population increase.
PARRAMATTA CBD SYDNEY NSW
When the government decided to transfer the Police headquarters to Parramatta with a promise of 2000 jobs (I don’t know they work out the Jobs) Several interesting things happened. A major builder of high-rise apartments had completed one project just down the road, and a second project was also underway.
Coming from Melbourne in 98 I learned quickly that people preferred to live close to their workplace as travel was time-consuming and the public was not as dependable as it is today.
TRANSITION ZONE – HARRIS PARK
HARRIS PARK The neighbouring suburb was within walking distance to the new police complex and also had a train station which was a bonus. Interesting to note that being located on the city fringe of paramatta part of it was a very run down with one street having several dubious establishments in it. How that has changed. Those old homes were purchased by businesses that needed to work with the large companies in Parramatta yes couldn’t afford the high rents of the CBD. That small run-down area has been transformed into renovated, refurbished, professional companies operating within the Parramatta precinct. Also, a very close train station for travel into the Sydney CBD.
For educated/astute investors transition zones are a good way to invest with the ability to give good capital growth and rent in a short time frame.
TRANSITION ZONES also operate in large suburban cities all over Australia. As the suburban city grows and expands it gives way for developers and investors to purchase prior, during or shortly after planning permits and councils development strategies are implemented.
THESE SUBURBS/AREAS ARE RELATED TO THE BUSINESSES & SERVICES THAT WORK WITHIN THE CBD WITHOUT THE HIGH RENTAL COSTS OF THE CENTRAL BUSINESS DISTRICT.
ALSO THE DOMESTIC ACCOMMODATION FOR THOSE PEOPLE WHO WORK IN THE CBD/FRINGE AREAS AND ENJOY THE LIFESTYLE.
I will expand on this in the next blog.