How to profit from the next property boom

Property investors need to plan ahead in order to take advantage of the next upturn in the property cycle, according to quantity surveying firm Asset Economics.
"Property booms never last (and) neither do property busts," the firm says in its latest newsletter.
To take advantage of the next boom, investors need to buy for long-term capital growth and anticipate the ripple effect.
"As our next property cycle comes around, it will be the most desirable, the most sought-after areas that start growing first," Asset Economics says. "These are usually the most affluent areas."
From there, capital growth starts to "ripple outwards" through adjoining suburbs, it adds.
Asset Economics has identified a number of suburbs around southeast Queensland that it says will be among the first to move in a positive direction. These are:
- Bayside areas east of Oxley Avenue in Redcliffe, Woody Point and Scarborough;
- Stafford (must have city views), Kelvin Grove and The Grange in northern Brisbane;
- Murarrie, Carina and Mount Gravatt in Brisbane's east;
- Fairfield and Greenslopes on Brisbane's southside;
- Indooroopilly and Chelmer in the city's west;
- All areas east of the Nicklin Way and the Sunshine Motorway on the Sunshine Coast, including Mooloolaba, Buddina and Currimundi;
- Southport and Hope Island on the Gold Coast.