Hot Properties

Reporter: Adam Marshall

It's the pin-point property guide that holds the key to your financial future.

A top two hundred... The best suburbs to buy a property for under three hundred and fifty thousand dollars... Australian property investor magazine's Lauren cross.

"Not only can you buy a property with 350 thousand dollars, you can also get capital gain and great rental yield." Said Lauren

For the mining hotspot of Perth, Mirrabooka, Osborne park and Wembley will take off.

"Perth's been in the doldrums for quite a long time and finally it's showing signs of this second boom again."

"Investors have a chance right now to get into the market, while interest rates are low and property prices are low." Said Lauren

Just don't forget to do your homework... The Reno kings say it's easy to fall into a cheap property trap...

Here's their top tips to avoid that.

- don't follow the herd, follow the infrastructure... Look for new developments... Roads, train lines.

- buy where the land value is close to the asking price.

- invest where accommodation is in demand.

- search for houses that have a twist... Something you can add rooms to.

- and don't try turn a lemon into lemonade... Buy the right property at the start and you're guaranteed to make a good return.