Hi guys, I'm new to investing and I'd like to fortify some knowledge before I put some dollars down. Are there any books that teach you how to analyse the property market and choose the right place to purchase an investment property? I've read "Getting Started In Property Investing For Dummies". However, I need more information regarding Market Analysis. I look forward to any advice and thanks in advance.
You can ask 50 people how they do market analysis and you'll get a broad range of answers. I like to investigate both qualitative and quantitative factors. I don't think there is one book which covers everything but do a search on here for recommend books. I've posted a few times some books I think are worth reading This is a useful article. Covers a lot. How to use demand and supply indicators to gauge a suburbs potential Most importantly, do not use one piece of data to conclude your answer. The more corroborating your data the better. Never only use numbers. Qualitative data is extremely important imo.
Great information here already by @Sackie, I'll add by saying you should read as much as you can on the forums here and pull the trigger on your first one. You could be "analysing" forever and not get anywhere (I didn't for years).
I am yet to see any correlation between general prices and infrastructure. When everyone was screaming there's no land left in Sydney (a lie) and supply was gone, prices went down regardless of the billions spent on infrastructure. They tend to be lagging imo and follow. Govs hardly ever build infrastructure in advance.
Research all paints a picture and no one data point should be relied upon on it's own. The Margaret Lomas book is a good start.
