Join Australia's most dynamic and respected property investment community

Terry Ryder's hot spots

Discussion in 'Where to Buy' started by Bozley, 15th Apr, 2016.

Tags:
  1. Bozley

    Bozley Active Member

    Joined:
    13th Sep, 2015
    Posts:
    28
    Location:
    Hobart
  2. Eric Wu

    Eric Wu Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    340
    Location:
    Australia
    don't bother with Terry Ryder
     
    thewisestfool, Tekoz, R377 and 2 others like this.
  3. Vultures

    Vultures Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    166
    Location:
    Tassie
    ^ I second that
     
    R377 likes this.
  4. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,117
    Location:
    FNQ
    Well, that's the end of any hope for Brisbane, Gold Coast or Hobart.:rolleyes:
    His track record is terrible.:eek:
     
    R377 and Bran like this.
  5. DiligentPM

    DiligentPM Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    443
    Location:
    Brisbane
    I have noticed less conversations on the forum about the Ryder Reports...some feedback we have received are that the 'hot spots' are outdated by the time they are published, its more important to purchase in predominantly owner occupier areas in capital cities than chase a hopeful 'hot spot' through to some individuals achieving good outcomes investing in areas recommended by the Ryder reports...viewpoints appear diverse ...please share more thoughts
     
    Tekoz likes this.
  6. MyPropertyPro

    MyPropertyPro SE Qld Property Management & Investor Services Business Member

    Joined:
    1st Jul, 2015
    Posts:
    222
    Location:
    Australia
    The key to successful property investing is being able to identify key fundamental growth traits of a suburb or area prior to the crowd and therefore prior to any significant price growth. It requires careful analysis and sometimes buying against the grain of what others may be saying or thinking at the time.

    Regardless of where you obtain your research, there's an inherent flaw in relying solely on any type of 'hotspot' prediction from a magazine, report or word of mouth as generally if the suburb is already a 'hotspot', the investor will usually have missed out on the bulk of the growth in that cycle. That doesn't even include the time it takes to complete a purchase once you have made the decision to buy there.

    Although I personally don't generally follow 'hotspot' predictions, if you are interested in doing so then in my humble opinion, I would be looking at what has already driven growth in the 'hotspot' and then study the surrounding areas to see whether it is likely that those same growth drivers will also cause growth in the surrounding suburbs and look at those a little more closely.

    - Andrew
     
  7. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    Correct better to run your own race..... :)
     
    DiligentPM likes this.
  8. C-mac

    C-mac Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    789
    Location:
    Sydney
    I second (third?) that sentiment.

    In fact maybe I am a walking case study? Two of my properties have definitely been 'buy against the grain' based on my own DD.

    In the initial 2-3 years of holding said properties, the CG growth performance has out-performed even my own 'above-average' benchmark I had hoped for, when initially buying (well, for three years down the track anyway...).

    So, I am employing this this strategy again now for an upcoming buy. I might play the SeeChange card here and not disclose where I'm buying until I've purchased.

    But I will say this; this particular postcode is an ugly duckling metaphorically (physically the suburb isnt too bad and is in fact seeing owner-occ's renovating and beautifying the lovely old character homes), since all surrounding suburbs have substantially higher values but equally comparable amenity, transport links etc.

    The real interesting thing about the area that is more pertinent to to this particular thread is this: I did a quick scouring of the Ryders, Lomas', Yardneys and a couple other peeps of note, and none of them have this postcode in their hotspot lists. It isnt even on their radar.

    As I said, Ive not yet purchased as I still have more DD to do, but folks do your own homework and be brave: all forms of business investment (including property investing) do have some degree of risk invovled. You need to set a comfortable risk profile for yourself.

    Understand not only the risks but the potential 'rewards' between suburb X and suburb Y during your DD. It really is true, for buy-and-hold investors you really do make your money in property when you buy.
     
    WattleIdo likes this.
  9. Northy85

    Northy85 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    275
    Location:
    Sydney
    In 2013 I told the guys at work that I bought in the Gold Coast and in Logan. They bought in Chinchilla becasue of......blah blah blah some reason about agriculture as well as mining. The Gold Coast wasn't a growth area and no body wants to live in Logan apparently. Soooo that worked out well for them.
     
    Hanison, Whitecat, TMNT and 2 others like this.
  10. JamesP

    JamesP Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    68
    Location:
    Melbourne
    I was hoping Casey would grow this year. However since he's tipped it I'm not holding high hopes :(
     
  11. Connor

    Connor Well-Known Member

    Joined:
    31st Aug, 2015
    Posts:
    134
    Location:
    Melbourne
    Let's hope that just once, the Ryder kiss of death can bypass Casey
     
  12. R377

    R377 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    310
    Location:
    Adelaide - Southern
    I found this photo of Terry Ryder working out his new "hotspots"

    dizzy-reading.jpg
     
    Pins, Drgonzo, pugstar205 and 2 others like this.
  13. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    1,384
    Location:
    Melbourne
    [​IMG]
     
    Pins, WattleIdo and R377 like this.
  14. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    1,384
    Location:
    Melbourne
    its pretty easy to name areas that have already boomed,I think I could have got my 7 yr old nephew to do that!