Future growth areas with Rising Rental Demand?
Hot spotting’s,Terry Ryder is noting the rising demand for rental and residential areas surrounding government major capital works areas, like Hospital precincts and Educational facilities { like Universities and TAFE colleges}. He notes these areas provide investors with close to guaranteed rental demand. The renters in these areas include doctors, nurses, teachers, lecturers and students. I have noticed the proliferation of extra medical facilities that surround a major Hospital. Investors would be well advised to seek areas where there are continuously rising rental demand. Ryder notes two such suburbs in Melbourne being Berwick where a University, TAFE, Major Hospital and private schools are all in close proximity. The other area is North of Melbourne where the Parkville area and Carlton surround the Melbourne University and medical areas.
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