There’s Gems In Them-Thar Highlands – You Just Have To Look!

In industry terms: a hidden gem property is a real estate opportunity that is often overlooked but has enormous potential for growth and profit. It might be in an up-and-coming neighbourhood, it may seem too far out-of-town (at the moment), have unique features, or be undervalued for distinct reasons. These properties are not widely known or advertised, but with some research and insight, they can turn into valuable investments.

In particular, the northern reaches of the Highlands, as well as properties in the `Dilly’ such as Buxton, Balmoral Village or Tahmoor will soon take advantage of their proximity to the soon-to-open Badgerys Creek Airport.

But what are the key points in discovering a Highlands gem? 

1. Look for undervalued properties

Undervalued properties have great potential of the real estate market. These are properties that are priced lower than their true worth. This may be due to numerous factors such as neglect, poor marketing, mortgage stress or unique circumstances

2. Distressed properties

Distressed properties present a unique opportunity for buyers seeking value. These properties are typically in a state of disrepair or facing financial difficulties (and the bank could be mortgagee in possession), allowing room for negotiation. For buyers, distressed properties offer several advantages. Firstly, they are often priced below market value, providing an opportunity for significant savings. Additionally, buyers have the chance to add value through renovations or improvements, increasing the property’s potential resale value or rental income.

3. Browse off-market property sales

Not all properties are listed on public platforms like real estate websites. Off-market listings also known as pocket listings, are properties that are available for sale but not actively marketed to the public. Some real estate agents have a contact list of potential buyers and sellers based on specific criteria, including anonymous buyers and sellers.

Networking with real estate professionals can help you access these hidden opportunities.

4. Research overlooked markets

Overlooked markets represent hidden opportunities for investors willing to look beyond the conventional. These markets may include smaller towns or cities, emerging, or niche segments such as holiday rentals or commercial properties. They may feature lower entry barriers, reduced competition, and the potential for higher returns on investment. Look for neighbourhoods or regions that are experiencing revitalisation, infrastructure improvements, or demographic shifts. 

5. Don’t overlook ugly listings

If you encounter poorly presented property listings during your search (such as blurry and crooked photos), don’t overlook them as potential purchases. Instead, use it as an opportunity to find the property you desire at a favourable price point. Ugly listings often deter buyers who are solely focused on properties with polished aesthetics. 

6. Consult a local expert

Talking with real estate agents and property managers, is crucial for uncovering property gems and maximising returns. They offer valuable insights into local market dynamics, providing access to off-market listings and hidden opportunities. By building relationships and communicating your investment goals, investors gain access to insider knowledge and actionable opportunities that may not be available through traditional channels. Collaborating with industry experts ensures investors stay ahead of the curve, identifying lucrative deals before they hit the mainstream market.

Finding property gems in today’s real estate market requires a willingness to think outside the box. By seeking out emerging areas, consulting with a local expert, and looking beyond the obvious avenues, buyers can uncover properties with exciting potential.

It’s also essential to conduct your due diligence by inspecting the property in person alongside proper market research to help make an informed investment decision. Embracing these strategies allows investors to seize overlooked opportunities, maximising returns in the dynamic real estate landscape.

DISCLAIMER – The information provided is sourced from property  industry platforms and is for guidance and informational purposes only and does not replace independent business, legal and financial advice which we strongly recommend. Whilst the information is considered true and correct at the date of publication, changes in circumstances after the time of publication may impact the accuracy of the information provided.