Blue chip suburbs: property investor prize or trap?
Are blue chip suburbs really suitable for property investors and what are the components that make up a smart investment in these areas?
Rigidly sticking to one suburb, no matter how ideal it feels, is not always the best property investment strategy. (Image source: Shutterstock.com)
The term blue chip is overused in property asset selection. It’s often the suburb that is considered a blue-chip area, but there is so much more to successful property investing than a postcode.
Likewise, there are some poor performing locations within any specific locale. The quest for the ‘blue chip’ suburb can sometimes spell disappointment for investors and owner-occupiers alike.
What attributes do most buyers assume a blue chip area offers…
