2009.03.04 03:28:22
P – Strong Population
I – Infrastructure Investment
E – Employment Opportunities
The PIE Formula is an oldie but a goodie and it is being used at the moment to pick the hot spots in Sydney.
The same formula can be used here in NZ,
Where do you think the PIE formula would point to as a good investment in this environment?
The following article highlights the Sydney hot spots. Where’s our Sydney?
Sydney property hotspots revealed
Wednesday, 04 March 2009
The inner west and northern suburbs of Sydney have been flagged by PRD Nationwide as home to the city’s property hotspots for 2009.
According to the realty group, Leichhardt, Summer Hill, Stanmore, Rozelle, Granville, Liverpool, Fairfield, Macquarie Park, North Ryde and Belrose will be the best suburbs in which to buy a house in the year ahead.
Mathew Tiller, NSW research analyst with PRD Nationwide, said the suburbs were chosen based on factors including current pricing levels, infrastructure, property trends and access to amenities.
Mr Tiller said buyers looking to purchase in the current environment could secure good purchases by remembering the “PIE formula” – strong population growth, infrastructure investment, and employment opportunities.
