It may be overwhelming to find out what makes an area boom, but if you take a closer look at the data, it all has these 3 traits in common!

Let me break down for you these three:

1. Tight Market Pressure: Without competition, there is no capital growth, and without capital growth, there are no booms.

2. Vacancy Rates: While low vacancy rates can exist in non-boom markets, high vacancy rates are never present in booming markets.

3. Inverse Growth Rates: Markets cannot underperform indefinitely. If market pressure and rental pressure are both tight, it indicates that a market may be on the verge of a boom.

Familiarising yourself with these 3 traits will help you better understand how areas experience periods of booms.

But to really get the full detail and understanding of these traits, click on this episode today!

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Disclaimer: The information provided in this podcast is general in nature and should not be considered as personal financial advice. The podcast host, guests, and contributors are not licensed financial advisors. Please seek professional financial advice that is tailored to your situation and circumstances before making any financial decisions.