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1.Market Observations, 2.Strategy, 8.Was Sticky

5 Apr 2017 (AFR) – Magazine’s hotspot reports get it badly wrong

(5 April 2017, AFR, p33, by Larry Schlesinger)

‘Who would have thought investing in a mining town five years ago would have been a bad idea? Clearly not the so-called investment gurus who advised the faithful readers of glossy mag Your Investment Property in 2011 and 2012 to buy property in places like Roxby Downs, an outback mining town in South Australia, or Queensland mining towns like Emerald and Chinchilla. According to analysis by investment advisers RiskWise Property Review, these so-called “hotspots” delivered negative capital growth of 46 per cent, 41 per cent and 15 per cent respectively over the past five years, among the worst examples of what proved to be pretty poor investment advice.’

Read more (and see the list of hotspot locations) at AFR.com (might need AFR login access, or try: AFR.com/trial)

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