Canterbury has a 10 point checklist for all to see – shown publicly on our website.
However there is more to it. We also use a 23 point checklist (intellectual property) that we do not show publicly and like to keep “nice and safe” for the use of Canterbury clients only.
For now, we would like to offer these thoughts.
It goes without debate to say “Areas with higher than average population growth and population pressures enjoy faster rises in property values”. No-one would argue that point, yet few people follow it in practice.
If property values nationwide rise by say 10%, you can be assured that such areas will rise all the faster. A small difference in this percentage makes a dramatic difference – in the short term and more so in the long term.
Some people say average real estate in Australia rises 10% per year. Others say 12%, others say 7%, others say 5%.
We don’t care who is correct as long as we can beat that average, whatever it is. It’s not hard to run well ahead of the pack. A few percentage points per year variance makes a big difference as follows.
Average Annual Capital Gains Years Required To Double In Value At that Growth Rate
5% 14 years
7% 10 years
10% 7 years
15% 4.8 years (this scenario has often been experienced in many of our locations)
We have another 32 checklist prerequisites to go alongside the above idea.
It’s not rocket science.
Its not a stab in the dark.
It is “a bet on a sure thing”.
Anyone who has access such techniques don’t merely stay ahead of the pack, they permanently run out of sight ahead of the pack. They can live a life whereby (as Rudyard Kipling said) “Yours is the Earth and everything that’s in it”.