Community is a warm and fuzzy word for many people – it’s not often used in real estate investing terms. But it’s one of the most understated drivers of capital growth that could – and should – make your investing journey a whole lot easier.
When you know the 7 drivers of community – from natural habitat, to built space, social status and more – you’ll know why community is so integral to real estate.
If you meet someone in the Sahara desert and you tell them your from Sydney, the first thing they’re going to ask you is about the Sydney Opera House or the Harbour Bridge. The built environment is a major part of the pull of Sydney. Not so Brisbane, which has fewer landmarks.
Keeping all of this in mind is key when choosing where you invest. Ignore this episode at your peril, and you’ll probably end up investing in Lake Weirdo! Tune into this weeks ‘best of 2022’ episode.